Quarterly report pursuant to Section 13 or 15(d)

NET (LOSS) INCOME PER SHARE (Tables)

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NET (LOSS) INCOME PER SHARE (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule Basic and Diluted Net Income Attributable to Common Stockholders
The following table sets forth the computation of basic and diluted net loss attributable to Class A and Class B common stockholders per share (in thousands except per share data):

Three Months Ended September 30, 2024 Three Months Ended September 30, 2023
Class A Class B Class A Class B
Numerator
Net (loss) income attributable to common stockholders – basic $ (2,689) $ (408) $ 3,331  $ 469 
Potential dilutive effect of derivative instruments —  —  16  (16)
Net (loss) income attributable to common stockholders – diluted $ (2,689) $ (408) $ 3,347  $ 453 
Denominator
Weighted average shares of common stock outstanding - basic 108,549  16,458  116,893  16,458 
Potential dilutive effect of stock options
—  —  2,773  1,391 
Potential dilutive effect of restricted stock units
—  —  12,140  — 
Weighted average shares of common stock outstanding - diluted 108,549  16,458  131,806  17,849 
Net (loss) income attributable to common stockholders per share
Basic $ (0.02) $ (0.02) $ 0.03  $ 0.03 
Diluted $ (0.02) $ (0.02) $ 0.03  $ 0.03 
Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023
Class A Class B Class A Class B
Numerator
Net (loss) income attributable to common stockholders – basic $ (5,487) $ (788) $ 413  $ 58 
Potential dilutive effect of derivative instruments —  —  (2)
Net (loss) income attributable to common stockholders – diluted $ (5,487) $ (788) $ 415  $ 56 
Denominator
Weighted average shares of common stock outstanding - basic 114,539  16,458  116,088  16,458 
Potential dilutive effect of stock options
—  —  2,816  1,409 
Potential dilutive effect of restricted stock units
—  —  12,140  — 
Weighted average shares of common stock outstanding - diluted 114,539  16,458  131,044  17,867 
Net (loss) income attributable to common stockholders per share
Basic $ (0.05) $ (0.05) $ 0.00  $ 0.00 
Diluted $ (0.05) $ (0.05) $ 0.00  $ 0.00 
Schedule of Excluded Securities from Computation of Diluted Net Income Per Share
The following equity awards outstanding at the end of each period presented have been excluded from the computation of diluted net loss per share of common stock for the periods presented due to their anti-dilutive effect:
Three Months Ended September 30, Nine Months Ended September 30,
2024 2023 2024 2023
Stock options 5,163  128  5,163  100 
Restricted stock units 13,622  —  13,622  — 
Performance stock units
86  —  86  — 
Public Warrants 5,382  5,382  5,382  5,382 
Private Warrants 3,822  3,822  3,822  3,822 
Earnout Shares 15,000  15,000  15,000  15,000 
43,075  24,332  43,075  24,304