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Earnings (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Summary of the Computation of Loss Per Share of Class A and Class X Common Stock

The computation of loss per share of Class A and Class X common stock is as follows (in thousands, except share and per share information):

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(12,003

)

 

$

(32,666

)

 

$

(37,084

)

 

$

(87,602

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

6,840,960

 

 

 

6,178,622

 

 

 

6,804,959

 

 

 

6,215,874

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share, basic and diluted

 

$

(1.75

)

 

$

(5.29

)

 

$

(5.45

)

 

$

(14.09

)

 

Summary of Common Shares That Are Excluded From the Computation of Diluted Net Loss Per Common Share

The following table presents the common shares that are excluded from the computation of diluted net loss per common share as of the periods presented because including them would have been antidilutive:

 

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Time vested options

 

 

741,364

 

 

 

929,206

 

Performance vested options

 

 

318,440

 

 

 

318,440

 

RSUs

 

 

385,834

 

 

 

281,062

 

Compensation warrants

 

 

79,612

 

 

 

79,612

 

Public and Private Placement Warrants

 

 

306,667

 

 

 

306,667

 

Term Loan Warrants

 

 

97,482

 

 

 

94,335

 

Common Stock Warrants

 

 

543,590

 

 

 

 

Forest Road Earn-out Shares

 

 

75,000

 

 

 

75,000

 

 

 

 

2,547,989

 

 

 

2,084,322