INCOME (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Net Income (Loss) Per Share, Basic and Diluted

The following table reconciles net income and the weighted-average shares used in computing basic and diluted earnings per share:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net (loss) income	$	(99,050)	$	19,809	$	(96,247)	$	32,840
Minus: Income allocated to participating securities	—		17,087		—		28,565
Net (loss) income attributable to common stockholders – basic	$	(99,050)	$	2,722	$	(96,247)	$	4,275

Plus: Income allocated to non-participating securities	—		838		—		1,332
Net (loss) income attributable to common stockholders - diluted	$	(99,050)	$	3,560	$	(96,247)	$	5,607

Denominator:
Basic weighted-average common shares outstanding	147,498,162		18,822,474		147,014,951		18,617,247
Dilutive potential common stock issuable:
Common stock warrants	—		89,551		—		89,551
Preferred stock warrants	—		74,149		—		74,149
Stock options	—		7,255,390		—		7,255,390
Restricted stock units	—		—		—		—
Diluted weighted-average shares outstanding	147,498,162		26,241,564		147,014,951		26,036,337

Net (loss) income attributable to common stockholders per share
Basic	$	(0.67)	$	0.14	$	(0.65)	$	0.23
Diluted	$	(0.67)	$	0.14	$	(0.65)	$	0.22

Schedule of Antidilutive Securities Excluded from Computation of Net Income (Loss) Per Share

Outstanding anti-dilutive securities not included in the diluted net income (loss) per share attributable to common stockholders calculations were as follows (in common stock equivalent shares):


	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021

Stock options	8,463,738	2,838,421	8,463,738	2,838,421
Restricted stock units	16,827,712	—	16,827,712	—



Employee stock purchase plan – shares projected to be issued	148,963	—	148,963	—
Total	25,440,413	2,838,421	25,440,413	2,838,421