Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Computation Basic and Diluted Net 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net income (loss) (A)	$	14,759	$	(1,317)	$	(4,617)	$	(2,426)
Income impact of convertible promissory notes	600		—		—		—
Total undistributed income (loss) (B)	15,359		(1,317)		(4,617)		(2,426)

Weighted average shares outstanding (C)	37,415		24,808		35,097		24,786
Dilutive effect of convertible promissory notes	2,429		—		—		—
Dilutive effect of stock-based awards	2,197		—		—		—
Common stock and common stock equivalents (D)	42,041		24,808		35,097		24,786

Net income (loss) per share:
Basic (A/C)	$	0.39	$	(0.05)	$	(0.13)	$	(0.10)
Diluted (B/D)	$	0.37	$	(0.05)	$	(0.13)	$	(0.10)

Following are the calculations of basic and diluted net income (loss) per share for each class of common stock:


	Three Months Ended June 30, 2022		Three Months Ended June 30, 2021
	Common		Class 1		Class 2		Class 3
Net income (loss) (A)	$	14,759	$	(498)	$	(730)	$	(89)
Income impact of convertible promissory notes	600		—		—		—
Total undistributed income (loss) (B)	$	15,359	$	(498)	$	(730)	$	(89)

Weighted average shares outstanding (C)	37,415		9,379		13,755		1,675
Dilutive effect of convertible promissory notes	2,429		—		—		—
Dilutive effect of stock-based awards	2,197		—		—		—
Common stock and common stock equivalents (D)	42,041		9,379		13,755		1,675

Net income (loss) per share:
Basic (A/C)	$	0.39	$	(0.05)	$	(0.05)	$	(0.05)
Diluted (B/D)	$	0.37	$	(0.05)	$	(0.05)	$	(0.05)


	Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
	Common		Class 1		Class 2		Class 3
Net loss	$	(4,617)	$	(918)	$	(1,346)	$	(162)
Weighted average shares outstanding	35,097		9,379		13,755		1,652
Basic and diluted net loss per share	$	(0.13)	$	(0.10)	$	(0.10)	$	(0.10)

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 June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Shares subject to outstanding common stock options	1,092	3,931	1,092	3,931
Shares subject to stockholder earn-out rights	5,429	—	5,429	—
Shares subject to Public Warrants	6,501	—	6,501	—
Shares subject to Private Warrants	3,950	—	3,950	—
Preferred stock	—	6,140	—	6,140
Escrow Shares	1,625	—	1,625	—

	18,597	10,071	18,597	10,071