Net (Loss) Income Per Share of Common Stock (Tables)

9 Months Ended

Sep. 30, 2023

Net (Loss) Income Per Share of Common Stock

Schedule of computation of basic and diluted earnings per share

The computations for basic and diluted net (loss) income per share were as follows (in thousands, except per-share data):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023			2022	2023		2022
Numerator
Net (loss) income	$	(32,972)	$	73,290	$	(99,636)	$	14,496
Less: Net income attributable to preferred shareholders		—		(1,656)		—		(336)
Net (loss) income attributable to common shareholders		(32,972)		71,634		(99,636)		14,160
Denominator
Basic weighted average shares outstanding		53,920,109		37,202,269		52,755,114		37,084,060
Effect of dilutive securities		—		708,242		—		1,309,694
Diluted weighted average shares outstanding		53,920,109		37,910,511		52,755,114		38,393,754
Basic net (loss) income per share of common stock	$	(0.61)	$	1.93	$	(1.89)	$	0.38
Diluted net (loss) income per share of common stock	$	(0.61)	$	1.89	$	(1.89)	$	0.37

Schedule of antidilutive securities excluded from the computation of diluted weighted average shares outstanding

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2023	2022	2023	2022
Restricted stock awards and restricted stock units	1,265,316	—	1,265,316	—
Stock options	7,188,661	4,735,841	7,188,661	4,566,687
	8,453,977	4,735,841	8,453,977	4,566,687