| NET LOSS PER SHARE |
NOTE 19—NET LOSS PER SHARE
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 June 30, 2025 |
|
Three Months Ended June 30, 2024 |
|
|
Class A |
|
Class B |
|
Class A |
|
Class B |
| Numerator |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss attributable to common stockholders – basic |
|
$ |
(2,561) |
|
|
$ |
(387) |
|
|
$ |
(2,288) |
|
|
$ |
(323) |
|
| Potential dilutive effect of derivative instruments |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Net loss attributable to common stockholders – diluted |
|
$ |
(2,561) |
|
|
$ |
(387) |
|
|
$ |
(2,288) |
|
|
$ |
(323) |
|
| Denominator |
|
|
|
|
|
|
|
|
| Weighted average shares of common stock outstanding - basic |
|
108,990 |
|
|
16,458 |
|
|
116,017 |
|
|
16,458 |
|
Potential dilutive effect of derivative instruments |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Weighted average shares of common stock outstanding - diluted |
|
108,990 |
|
|
16,458 |
|
|
116,017 |
|
|
16,458 |
|
| Net loss attributable to common stockholders per share |
|
|
|
|
|
|
|
|
| Basic |
|
$ |
(0.02) |
|
|
$ |
(0.02) |
|
|
$ |
(0.02) |
|
|
$ |
(0.02) |
|
| Diluted |
|
$ |
(0.02) |
|
|
$ |
(0.02) |
|
|
$ |
(0.02) |
|
|
$ |
(0.02) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2025 |
Six Months Ended June 30, 2024 |
|
|
Class A |
|
Class B |
|
Class A |
|
Class B |
| Numerator |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss attributable to common stockholders – basic |
|
$ |
(5,063) |
|
|
$ |
(765) |
|
|
$ |
(2,788) |
|
|
$ |
(390) |
|
| Potential dilutive effect of derivative instruments |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Net loss attributable to common stockholders – diluted |
|
$ |
(5,063) |
|
|
$ |
(765) |
|
|
$ |
(2,788) |
|
|
$ |
(390) |
|
| Denominator |
|
|
|
|
|
|
|
|
| Weighted average shares of common stock outstanding - basic |
|
108,893 |
|
|
16,458 |
|
|
117,567 |
|
|
16,458 |
|
Potential dilutive effect of derivative instruments |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
| Weighted average shares of common stock outstanding - diluted |
|
108,893 |
|
|
16,458 |
|
|
117,567 |
|
|
16,458 |
|
| Net loss attributable to common stockholders per share |
|
|
|
|
|
|
|
|
| Basic |
|
$ |
(0.05) |
|
|
$ |
(0.05) |
|
|
$ |
(0.02) |
|
|
$ |
(0.02) |
|
| Diluted |
|
$ |
(0.05) |
|
|
$ |
(0.05) |
|
|
$ |
(0.02) |
|
|
$ |
(0.02) |
|
For the periods presented above, the net loss per share amounts are the same for Class A and Class B common stock because the holders of each class are entitled to equal per share dividends or distributions in liquidation in accordance with the Certificate of Incorporation. The undistributed losses for each period are allocated based on the contractual participation rights of the Class A and Class B common stock as if the losses for the period had been distributed. As the liquidation and dividend rights are identical, the undistributed losses are allocated on a proportionate basis.
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 June 30, |
|
Six Months Ended June 30, |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| Stock options |
4,711 |
|
|
5,257 |
|
|
4,711 |
|
|
5,257 |
|
| Restricted stock units |
13,422 |
|
|
11,865 |
|
|
13,422 |
|
|
11,865 |
|
Performance stock units |
2,704 |
|
|
86 |
|
|
2,704 |
|
|
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 |
|
|
45,041 |
|
|
41,412 |
|
|
45,041 |
|
|
41,412 |
|
|