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Net Income (Loss) per Share (Tables)
6 Months Ended
Jun. 30, 2024
Net Income (Loss) per Share  
Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders for the periods presented (in thousands, except share and per share data):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

    

Numerator:

 

  

 

  

 

  

 

  

 

Net income (loss) attributable to common stockholders, basic

$

8,986

$

(3,547)

$

(16,035)

$

(18,037)

Gain from change in fair value of convertible debt

(23,397)

(6,036)

(10,372)

Net loss attributable to common stockholders, diluted

$

(14,411)

$

(9,583)

$

(26,407)

$

(18,037)

Denominator:

Weighted average shares outstanding, basic

36,154,521

36,068,130

36,139,873

36,056,649

Shares issuable upon the conversion of the convertible debt

22,092,105

20,476,568

22,092,105

Weighted average shares outstanding, diluted

 

58,246,626

 

56,544,698

 

58,231,978

 

36,056,649

Net income (loss) per share, basic

$

0.25

$

(0.10)

$

(0.44)

$

(0.50)

Net loss per share, diluted

$

(0.25)

$

(0.17)

$

(0.45)

$

(0.50)

Schedule of Antidilutive Securities Excluded from Computation of Diluted Weighted Shares Outstanding

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

    

Numerator:

 

  

 

  

 

  

 

  

 

Net income (loss) attributable to common stockholders, basic

$

8,986

$

(3,547)

$

(16,035)

$

(18,037)

Gain from change in fair value of convertible debt

(23,397)

(6,036)

(10,372)

Net loss attributable to common stockholders, diluted

$

(14,411)

$

(9,583)

$

(26,407)

$

(18,037)

Denominator:

Weighted average shares outstanding, basic

36,154,521

36,068,130

36,139,873

36,056,649

Shares issuable upon the conversion of the convertible debt

22,092,105

20,476,568

22,092,105

Weighted average shares outstanding, diluted

 

58,246,626

 

56,544,698

 

58,231,978

 

36,056,649

Net income (loss) per share, basic

$

0.25

$

(0.10)

$

(0.44)

$

(0.50)

Net loss per share, diluted

$

(0.25)

$

(0.17)

$

(0.45)

$

(0.50)