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 nine months ended September 30, 2021 and 2020 (in thousands, except share and per share amounts):
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Nine Months Ended September 30, |
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Three Months Ended September 30, |
Common stockholders |
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2021 |
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2020 |
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2021 |
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2020 |
Basic earnings (loss) per share: |
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Numerator: |
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Net income (loss) |
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$ |
8,470 |
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$ |
(29,551) |
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$ |
(3,456) |
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$ |
(1,693) |
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Less: Preferred stock dividends |
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— |
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103 |
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— |
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35 |
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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 income (loss) available to common stockholders |
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$ |
8,068 |
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$ |
(29,654) |
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$ |
(3,456) |
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$ |
(1,728) |
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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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16,799,796 |
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8,134,957 |
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29,466,520 |
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8,160,242 |
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Net earnings (loss) per share attributable to common stockholders, basic |
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$ |
0.48 |
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$ |
(3.65) |
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$ |
(0.12) |
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$ |
(0.21) |
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Dilutive earnings (loss) per share: |
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Numerator: |
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Net income (loss) |
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$ |
8,470 |
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$ |
(29,551) |
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$ |
(3,456) |
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$ |
(1,693) |
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Less: Preferred stock dividends |
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— |
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103 |
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— |
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35 |
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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 income (loss) available to common stockholders |
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$ |
8,068 |
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$ |
(29,654) |
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$ |
(3,456) |
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$ |
(1,728) |
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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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16,799,796 |
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8,134,957 |
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29,466,520 |
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8,160,242 |
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Dilutive common stock equivalents |
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6,885,555 |
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— |
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— |
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— |
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Weighted average shares used in computing net earnings (loss) per share attributable to common stockholders, diluted |
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23,685,351 |
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8,134,957 |
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29,466,520 |
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8,160,242 |
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Net earnings (loss) per share attributable to common stockholders, diluted |
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$ |
0.34 |
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$ |
(3.65) |
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$ |
(0.12) |
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$ |
(0.21) |
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