Loss Per Share

9 Months Ended

Sep. 30, 2023

The table below summarizes the Company’s basic and diluted loss per share calculations (in thousands, except share and per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Net loss	$	(15,712)	$	(15,849)	$	(43,510)	$	(46,891)

Weighted average shares outstanding
Basic	201,954,021		199,207,092		201,021,368		159,607,217
Diluted	201,954,021		199,207,092		201,021,368		159,607,217

Basic loss per common share	$	(0.08)	$	(0.08)	$	(0.22)	$	(0.29)
Diluted loss per common share	$	(0.08)	$	(0.08)	$	(0.22)	$	(0.29)

Basic and diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of shares of common stock outstanding during the period.

Due to the Company’s net loss during the three and nine months ended September 30, 2023 and 2022, respectively, there was no dilutive effect of common stock equivalents because the effects of such would have been anti-dilutive. The following table summarizes the shares excluded from the weighted average number of shares of common stock outstanding, as the impact would be anti-dilutive (in thousands):


	September 30,
	2023	2022
Warrants(1)	90,690	94,296
Restricted stock units	6,133	3,278
Total	96,823	97,574

(1)See Note 13 – Warrant Liabilities for adjustments to the Seller Warrants for common stock issuable upon exercise.