Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Components of Net Income per Share

The components of net income per share are as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2021			2020		2021		2020
Numerator:
Net income (in thousands)	$	(2,804	)	$	6,496	$	8,733	$	6,804
Denominator:
Weighted average number of common shares    outstanding - basic		50,001,996			48,335,443		49,664,037		26,423,681
Common stock equivalents from convertible    preferred stock		—			—		—		16,684,327
Common stock equivalents from outstanding    common stock options		—			3,741,595		2,927,569		3,627,363
Common stock equivalents from unvested RSUs		—			2,923,912		2,917,867		2,854,947
Common stock equivalents from ESPP		—			-		847		—
Common stock equivalents from outstanding warrants		—			174,907		—		170,102
Common stock equivalents from restricted stock		—			179,989		741		179,989
Weighted average number of common shares    outstanding - diluted		50,001,996			55,355,846		55,511,061		49,940,409
Net income (loss) per share:
Basic	$	(0.06	)	$	0.13	$	0.18	$	0.26
Diluted	$	(0.06	)	$	0.12	$	0.16	$	0.14

Schedule of Outstanding Potentially Dilutive Common Stock Equivalents Excluded from Calculation of Diluted Net Loss Per Share

The following outstanding potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share for the three months ended September 30, 2021, due to their anti-dilutive effect:

	Three Months Ended September 30, 2021
Common stock options		2,732,986
RSUs		2,778,176
Restricted stock subject to future vesting		741
		5,511,904