Net Loss Per Share

6 Months Ended

Jun. 30, 2024

Net Loss Per Share

Net Loss Per Share

(14) Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except for per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator:
Net loss	$	(12,421)	$	(16,966)	$	(33,194)	$	(40,320)
Denominator:
Weighted-average shares outstanding - basic and diluted		171,903		128,515		161,705		126,657
Net loss per share - basic and diluted	$	(0.07)	$	(0.13)	$	(0.21)	$	(0.32)

There are 3,059,273 Sponsor Vesting Shares that were not included in the computations of basic and diluted net loss per share for the three and six months ended June 30, 2024 and 2023 because the contingencies for the issuance of these shares have not been met. The weighted-average common shares outstanding for the three and six months ended June 30, 2024 include 972,578 weighted-average shares for warrants having an exercise price of $0.01 per share each. The weighted-average common shares outstanding for the three and six months ended June 30, 2023 include 1,313,989 and 1,356,820 weighted-average shares for warrants having an exercise price of $0.01 per share each, respectively.

The Company’s potential dilutive securities, which include stock options, restricted stock units and warrants have been excluded from the computation of diluted net loss per share as the effect would be anti-dilutive. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same.

The Company excluded the following potential common shares from the computation of diluted net loss per share for the three and six months ended June 30, 2024, and 2023:

	Six Months Ended June 30,
	2024	2023
Common Stock warrants (1)	14,450,417	14,415,297
Stock Options	9,600,802	5,466,550
Restricted Stock Units	8,382,814	11,189,011
	32,434,033	31,070,858

(1) The number of outstanding warrants does not include unvested Customer warrants for 1,340,310 shares as of June 30, 2024 and 2023.