Basic and Diluted Net Loss per Share Attributable to Common Stockholders |
The following table sets forth basic and diluted net (loss) earnings per share available to common stockholders for the three and nine months ended September 30, 2022 and 2021 (in thousands, except share and per share amounts):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
Common stockholders |
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2022 |
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2021 |
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2022 |
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2021 |
Basic (loss) earnings per share: |
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Numerator: |
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Net (loss) income |
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$ |
(6,547) |
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$ |
(3,456) |
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$ |
(14,954) |
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$ |
8,470 |
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Less: Adjustment due to warrant modifications |
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— |
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— |
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— |
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402 |
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Adjusted net (loss) income available to common stockholders |
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$ |
(6,547) |
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$ |
(3,456) |
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$ |
(14,954) |
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$ |
8,068 |
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Denominator: |
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Basic WASO |
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29,364,712 |
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29,466,520 |
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29,339,918 |
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16,799,796 |
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Net (loss) earnings per share available to common stockholders, basic |
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$ |
(0.22) |
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$ |
(0.12) |
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$ |
(0.51) |
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$ |
0.48 |
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Dilutive (loss) earnings per share: |
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Numerator: |
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Net (loss) income |
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$ |
(6,547) |
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$ |
(3,456) |
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$ |
(14,954) |
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$ |
8,470 |
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Less: Adjustment due to warrant modifications |
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— |
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— |
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— |
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402 |
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Adjusted net (loss) income available to common stockholders |
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$ |
(6,547) |
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$ |
(3,456) |
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$ |
(14,954) |
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$ |
8,068 |
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Denominator: |
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Basic WASO |
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29,364,712 |
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29,466,520 |
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29,339,918 |
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16,799,796 |
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Dilutive common stock equivalents |
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— |
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— |
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— |
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6,885,555 |
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Diluted WASO |
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29,364,712 |
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29,466,520 |
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29,339,918 |
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23,685,351 |
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Net (loss) earnings per share available to common stockholders, diluted |
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$ |
(0.22) |
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$ |
(0.12) |
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$ |
(0.51) |
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$ |
0.34 |
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