Net Loss Per Share

6 Months Ended

Jun. 30, 2022

13. Net Loss Per Share

The Company computes basic net loss per share by dividing net loss by the weighted-average number of shares of common stock outstanding. Diluted net income per share includes the potential dilutive effect of common stock equivalents as if such securities were exercised during the period, when the effect is dilutive. Common stock equivalents may include outstanding stock options or restricted stock units, which are included using the treasury stock method when dilutive. For the three and six months ended June 30, 2022 and 2021, the Company excluded the effects of potentially

dilutive shares that were outstanding during those respective periods from the denominator as their inclusion would be anti-dilutive due to the Company’s net losses during those periods.

The denominators used in the net loss per share computations are as follows:


	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2022	2021	2022	2021
Basic:
Weighted average common shares outstanding	53,614,668	50,059,984	53,561,161	49,989,379
Diluted:
Weighted average common shares outstanding - Basic	53,614,668	50,059,984	53,561,161	49,989,379
Common stock equivalents*	—	—	—	—
Denominator for diluted net loss per share	53,614,668	50,059,984	53,561,161	49,989,379

*	No amounts were considered as their effects would be anti-dilutive.

Basic and diluted net loss per share are computed as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Net loss - basic and diluted	$	(4,206)	$	(30,745)	$	(31,955)	$	(54,046)
Weighted-average common shares outstanding:
Basic and diluted		53,614,668		50,059,984		53,561,161		49,989,379
Net loss per share, Basic and Diluted:	$	(0.08)	$	(0.61)	$	(0.60)	$	(1.08)

As of June 30, 2022, 7,419,027 stock options and 648,450 restricted stock units were outstanding, which could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted net loss per share because to do so would have been anti-dilutive as a result of the net loss for the period.

As of June 30, 2021, 5,995,223 stock options and 409,031 restricted stock units were outstanding, which could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted net loss per share because to do so would have been anti-dilutive as a result of the net loss for the period.