Basic and Diluted Net Loss per Share Attributable to Common Stockholders |
The following table sets forth basic and diluted net income (loss) per share attributable to common stockholders for the three and six months ended June 30, 2021 and 2020 (in thousands, except share and per share amounts):
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Six Months Ended June 30, |
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Three Months Ended June 30, |
Common stockholders |
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2021 |
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2020 |
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2021 |
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2020 |
Basic net income (loss) per share: |
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Numerator: |
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Net and comprehensive income (loss) |
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$ |
11,926 |
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$ |
(27,858) |
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$ |
24,776 |
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$ |
(18,404) |
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Less: Preferred stock dividends |
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— |
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68 |
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— |
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34 |
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Less: Adjustment due to warrant modifications |
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402 |
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— |
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— |
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— |
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Adjusted net and comprehensive income (loss) available to common stockholders |
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$ |
11,524 |
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$ |
(27,926) |
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$ |
24,776 |
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$ |
(18,438) |
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Denominator: |
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Weighted average shares used in computing net earnings (loss) per share attributable to common stockholders, basic |
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10,361,462 |
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8,122,176 |
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11,126,909 |
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8,156,618 |
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Net earnings (loss) per share attributable to common stockholders, basic |
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$ |
1.11 |
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$ |
(3.44) |
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$ |
2.23 |
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$ |
(2.26) |
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Dilutive net income (loss) per share: |
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Numerator: |
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Net and comprehensive income (loss) |
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$ |
11,926 |
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$ |
(27,858) |
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$ |
24,776 |
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$ |
(18,404) |
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Less: Preferred stock dividends |
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— |
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68 |
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— |
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34 |
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Less: Adjustment due to warrant modifications |
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402 |
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— |
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— |
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— |
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Add: Interest expense on convertible notes, net |
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— |
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— |
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656 |
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— |
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Adjusted net and comprehensive income (loss) available to common stockholders |
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$ |
11,524 |
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$ |
(27,926) |
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$ |
25,432 |
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$ |
(18,438) |
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Denominator: |
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Weighted average shares used in computing net earnings (loss) per share attributable to common stockholders, diluted |
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20,498,829 |
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8,122,176 |
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21,389,413 |
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8,156,618 |
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Net earnings (loss) per share attributable to common stockholders, diluted |
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$ |
0.56 |
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$ |
(3.44) |
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$ |
1.19 |
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$ |
(2.26) |
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