2. NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2023

Basic net loss per share is calculated using the weighted-average number of common shares outstanding during the period. Net loss per share, assuming dilution, is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities. Net loss per share, assuming dilution, is equal to basic net loss per share because the effect of dilutive securities outstanding during the period, including options and warrants computed using the treasury stock method, is anti-dilutive.

The components of basic and diluted net loss per share were as follows (in thousands, except loss per share data):


	Three Months Ended June 30,						Six Months Ended June 30,

	2023			2022			2023			2022
Numerator:
Net loss available for common shareholders - basic and diluted	$	(20,609	)	$	(13,597	)	$	(39,636	)	$	(26,765	)

Denominator:
Weighted-average common shares outstanding - basic and diluted		177,302			165,238			176,009			164,902

Net loss per share - basic and diluted	$	(0.12	)	$	(0.08	)	$	(0.23	)	$	(0.16	)

For the three and six months ended June 30, 2023 and 2022, we excluded the following securities from net loss per share as the effect of including them would have been anti-dilutive: outstanding options exercisable into a total of 752,000 and 1,153,000 shares of common stock, respectively, and 9,626,000 and 9,788,000 nonvested restricted and performance stock units, respectively.