Earnings per Share

9 Months Ended

Sep. 30, 2022

Earnings per Share

Earnings per Share

14. Earnings per Share

Basic net income (loss) per share attributable to common stockholders is computed by dividing the net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding for the period.

Diluted net income (loss) per share attributable to common stockholders is computed by dividing the diluted net income (loss) attributable to common stockholders by the weighted-average number of common shares, including potential dilutive common shares assuming the dilutive effect of outstanding common stock options, restricted stock units, and warrants. For periods in which the Company has reported net loss, diluted net loss per share attributable to common stockholders is the same as basic net loss per share attributable to common stockholders, because dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.

	Three Months Ended September 30,
	2022				2021
	Class A		Class B		Class A		Class B
(In thousands, except share and per-share data)
Numerator:
Net income (loss) attributable to common stockholders	$	(25,750)	$	—	$	(24,368)	$	(3,268)
Denominator:
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders—basic		34,853,137		—		20,906,141		2,803,498
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders—diluted		34,853,137		—		20,906,141		2,803,498
Net income (loss) per share attributable to common stockholders—basic (1)	$	(0.74)	$	—	$	(1.17)	$	(1.17)
Net income (loss) per share attributable to common stockholders—diluted (1)	$	(0.74)	$	—	$	(1.17)	$	(1.17)

	Nine Months Ended September 30,
	2022				2021
	Class A		Class B		Class A		Class B
(In thousands, except share and per-share data)
Numerator:
Net income (loss) attributable to common stockholders	$	(87,322)	$	—	$	(52,099)	$	(9,845)
Denominator:
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders—basic		33,747,813		—		16,986,570		3,209,872
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders—diluted		33,747,813		—		16,986,570		3,209,872
Net income (loss) per share attributable to common stockholders—basic (1)	$	(2.59)	$	—	$	(3.07)	$	(3.07)
Net income (loss) per share attributable to common stockholders—diluted (1)	$	(2.59)	$	—	$	(3.07)	$	(3.07)

(1) Net income (loss) per share attributable to common stockholders — basic and net income (loss) per share attributable to common stockholders — diluted may not recalculate due to rounding.

The following have been excluded from the computation of diluted net income (loss) per share attributable to common stockholders as their effect would have been antidilutive:

	Three Months Ended September 30,
	2022		2021
	Class A	Class B	Class A	Class B
Stock options	30,210	—	44,764	—
Restricted stock units	2,345,656	—	2,299,766	—
Warrants	11,420,000	—	550,350	—
Total anti-dilutive securities	13,795,866	—	2,894,880	—

	Nine Months Ended September 30,
	2022		2021
	Class A	Class B	Class A	Class B
Stock options	32,900	—	48,542	—
Restricted stock units	2,378,797	—	2,262,173	—
Warrants	11,408,117	—	550,350	—
Total anti-dilutive securities	13,819,814	—	2,861,065	—