Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Computation Basic and Diluted Net Income (Loss) Per Share

The following table presents the computation of basic and diluted net income (loss) per share attributable to common stockholders, as a group, for the periods presented:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income (loss) (A)	$	15,454	$	(4,454)	$	10,837	$	(6,880)
Income impact of FPAs	(3,939)		—		(346)		—
Income impact of convertible promissory notes	600		—		—		—
Total undistributed income (loss) (B)	12,115		(4,454)		10,491		(6,880)

Weighted average shares outstanding (C)	35,580		24,923		35,260		24,832
Dilutive effect of FPAs	3,547		—		1,140		—
Dilutive effect of convertible promissory notes	2,477		—		—		—
Dilutive effect of stock-based awards	1,611		—		2,304		—
Common stock and common stock equivalents (D)	43,215		24,923		38,704		24,832

Net income (loss) per share:
Basic (A/C)	$	0.43	$	(0.18)	$	0.31	$	(0.28)
Diluted (B/D)	$	0.28	$	(0.18)	$	0.27	$	(0.28)

Following are the calculations of basic and diluted net income (loss) per share for each class of common stock (refer to the tables above for the impact of common stock equivalents on common shares for the three and nine months ended September 30, 2022):


	Three Months Ended September 30, 2022		Three Months Ended September 30, 2021
	Common		Class 1		Class 2		Class 3
Net income (loss)	$	15,454	$	(1,676)	$	(2,458)	$	(320)
Weighted average shares outstanding	35,580		9,379		13,755		1,789
Common stock and common stock equivalents	43,215		9,379		13,755		1,789

Basic net income (loss) per share	$	0.43	$	(0.18)	$	(0.18)	$	(0.18)
Diluted net income (loss) per share	$	0.28	$	(0.18)	$	(0.18)	$	(0.18)


	Nine Months Ended September 30, 2022		Nine Months Ended September 30, 2021
	Common		Class 1		Class 2		Class 3
Net loss	$	10,837	$	(2,598)	$	(3,811)	$	(471)
Weighted average shares outstanding	35,260		9,379		13,755		1,698
Common stock and common stock equivalents	38,704		9,379		13,755		1,698

Basic net income (loss) per share	$	0.31	$	(0.28)	$	(0.28)	$	(0.28)
Diluted net income (loss) per share	$	0.27	$	(0.28)	$	(0.28)	$	(0.28)

Schedule of Antidilutive Shares

The following shares of common stock subject to certain instruments were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented as their effect would have been antidilutive (with figures recast using the conversion ratio for the Business Combination, as applicable):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Shares subject to warrants	10,451		—		10,451		—
Shares subject to convertible promissory notes	—		12,240		2,428		12,240
Preferred stock	—		6,141		—		6,141
Escrow Shares	1,625		—		1,625		—
Shares subject to outstanding common stock options and RSUs	1,056		3,785		1,056		3,785
Shares subject to stockholder earn-out rights	5,429		—		5,429		—
	$	18,561	$	22,166	$	20,989	$	22,166