Loss Per Share

3 Months Ended

Mar. 31, 2023

Note 4. Loss Per Share

Basic and diluted loss per share is as follows (in thousands, except per share data):


	Quarter Ended March 31,
	2023		2022
Net loss for basic and diluted loss per share	$	(47,910)	$	(1,167,142)
Weighted-average common shares outstanding	255,465		254,821
Diluted weighted-average shares outstanding	255,465		254,821
Basic loss per share	$	(0.19)	$	(4.58)
Diluted loss per share	$	(0.19)	$	(4.58)

Basic loss per share is computed by dividing Net Loss by the weighted-average number of common stock outstanding during each period. Diluted loss per share incorporates the incremental shares issuable upon the assumed exercise of stock options and conversion of potentially dilutive securities. If we have a net loss for the period, all potential common shares will be considered antidilutive, resulting in the same basic and diluted net loss per share amounts for those periods. There were approximately 30,994,718 and 23,407,179 antidilutive shares for the quarters ended March 31, 2023 and March 31, 2022, respectively. As we had net loss for the quarters ended March 31, 2023 and March 31, 2022, all potential common shares were determined to be antidilutive, resulting in the same basic and diluted net loss per share amounts for the period.