XML 35 R25.htm IDEA: XBRL DOCUMENT v3.23.1
Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
17.
Earnings (Loss) per Share

Basic and diluted loss per share attributable to common stockholders was calculated as follows:

 

 

For the three months ended March 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(5,146

)

 

$

(5,703

)

Accretion of redeemable convertible preferred stock to redemption value

 

 

 

 

 

(37,934

)

Accretion of noncontrolling interest put option to redemption value

 

 

 

 

 

(88

)

Income allocated to noncontrolling interest holder

 

 

(100

)

 

 

 

Net loss attributable to common stockholders

 

$

(5,246

)

 

$

(43,725

)

Denominator:

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

73,329,309

 

 

 

62,743,154

 

Net loss per share, basic and diluted

 

$

(0.07

)

 

$

(0.70

)

 

The Company’s potential dilutive securities, which include stock options, RSUs, warrants and earnout shares have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common stock outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same for all periods presented. The Company excluded the following potential common stock, presented based on amounts outstanding at March 31, 2023 and 2022 from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect.

 

 

March 31,

 

 

 

2023

 

 

2022

 

Options and RSUs to acquire common stock

 

 

16,881,549

 

 

 

16,881,549

 

Warrants on common stock

 

 

48,421,412

 

 

 

24,333,365

 

Earnout shares

 

 

 

 

 

 

Total

 

 

65,302,961

 

 

 

41,214,914

 

 

Total potentially dilutive common share equivalents for the three months ended March 31, 2023, excludes 23,482,845 shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.