Net Loss per Share

6 Months Ended

Jun. 30, 2022

Net Loss per Share

Net Loss per Share

12.         Net Loss per Share

The rights, including the liquidation and dividend rights, of the holders of Class A, Class B, Class A1 and Class B1 common shares are identical, except with respect to voting, transferability and conversion (see the Notes to Consolidated Financial Statements to our Form 10-K). As the liquidation and dividend rights are identical, losses are allocated on a proportionate basis, and the resulting net loss per share attributed to common shareholders will, therefore, be the same for the Class A, A1, B and B1 common shares on an individual or combined basis.

Basic and diluted net loss per share attributable to common shareholders was calculated as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Numerator:
Net loss attributable to common shareholders	$	(19,981)	$	(41,563)	$	(45,191)	$	(91,047)
Denominator:
Weighted average common shares outstanding—basic and diluted		69,289,972		68,395,703		69,213,860		68,332,943
Net loss per share attributable to common shareholders— basic and diluted	$	(0.29)	$	(0.61)	$	(0.65)	$	(1.33)

The Company’s unvested RSUs have been excluded from the computation of basic net loss per share attributable to common shareholders.

The Company’s potentially dilutive securities, which include options and unvested RSUs, have been excluded from the computation of diluted net loss per share attributable to common shareholders as the effect would be to reduce the net loss per share attributable to common shareholders. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common shareholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common shareholders for the periods indicated because including them would have had an anti-dilutive effect:

	As of June 30,
	2022	2021
Options to purchase common shares	9,573,543	9,448,244
Unvested RSUs	1,158,744	495,773
	10,732,287	9,944,017