Schedule Basic and Diluted Net Income (Loss) Attributable to Common Stockholders |
The following table sets forth the computation of basic and diluted net income (loss) attributable to Class A and Class B common stockholders per share (in thousands except per share data):
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Three Months Ended September 30, 2022 |
Three Months Ended September 30, 2021 |
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Class A |
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Class B |
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Class A |
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Class B |
Numerator |
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Net income attributable to common stockholders – basic |
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$ |
3,175 |
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$ |
454 |
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$ |
9,796 |
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$ |
1,440 |
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Potential dilutive effect of stock options |
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21 |
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(21) |
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(15) |
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15 |
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Net income attributable to common stockholders – diluted |
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$ |
3,196 |
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$ |
433 |
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$ |
9,781 |
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$ |
1,455 |
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Denominator |
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Weighted average shares of common stock outstanding - basic |
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112,873 |
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16,159 |
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109,693 |
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16,130 |
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Potential dilutive effect of stock options |
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8,206 |
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1,371 |
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11,123 |
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1,849 |
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Potential dilutive effect of restricted stock units |
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8,311 |
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— |
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— |
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— |
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Weighted average shares of common stock outstanding - diluted |
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129,390 |
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17,530 |
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120,816 |
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17,979 |
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Net income attributable to common stockholders per share |
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Basic |
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$ |
0.03 |
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$ |
0.03 |
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$ |
0.09 |
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$ |
0.09 |
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Diluted |
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$ |
0.02 |
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$ |
0.02 |
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$ |
0.08 |
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$ |
0.08 |
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Nine Months Ended September 30, 2022 |
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Nine Months Ended September 30, 2021 |
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Class A |
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Class B |
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Class A |
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Class B |
Numerator |
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Net (loss) income attributable to common stockholders – basic |
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$ |
(14,045) |
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$ |
(2,035) |
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$ |
8,809 |
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$ |
1,310 |
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Potential dilutive effect of stock options |
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— |
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— |
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(207) |
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207 |
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Net (loss) income attributable to common stockholders – diluted |
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$ |
(14,045) |
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$ |
(2,035) |
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$ |
8,602 |
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$ |
1,517 |
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Denominator |
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Weighted average shares of common stock outstanding - basic |
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111,389 |
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16,140 |
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90,750 |
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16,130 |
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Potential dilutive effect of stock options |
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— |
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— |
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11,686 |
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1,950 |
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Weighted average shares of common stock outstanding - diluted |
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111,389 |
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16,140 |
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102,436 |
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18,080 |
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Net (loss) income attributable to common stockholders per share |
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Basic |
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$ |
(0.13) |
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$ |
(0.13) |
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$ |
0.10 |
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$ |
0.08 |
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Diluted |
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$ |
(0.13) |
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$ |
(0.13) |
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$ |
0.08 |
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$ |
0.08 |
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Schedule of Excluded Securities from Computation of Diluted Net Income (Loss) Per Share |
The following equity awards outstanding have been excluded from the computation of diluted net income (loss) per share of common stock for the periods presented due to their anti-dilutive effect:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2022 |
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2021 |
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2022 |
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2021 |
Stock options |
133 |
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51 |
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12,262 |
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— |
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RSUs |
— |
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— |
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8,311 |
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— |
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Public Warrants |
5,382 |
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7,175 |
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5,382 |
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7,175 |
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Private Warrants |
3,821 |
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3,821 |
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3,821 |
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3,821 |
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Earnout Shares |
15,000 |
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15,000 |
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15,000 |
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15,000 |
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24,336 |
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26,047 |
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44,776 |
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25,996 |
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