Earnings per share (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted EPS of common stock as follows:


	For the years ended December 31,
	2021		2020		2019
	(in thousands, except per share data)
Numerator for basic earnings per share
Net income/(loss)	$	(7,700)	$	(12,599)	$	10,807
Less: Income attributable to preferred shareholders	—		—		(377)
Net income/(loss) available to common shareholders	$	(7,700)	$	(12,599)	$	10,430

Denominator for basic earnings per share
Weighted-average shares outstanding – basic	58,662		44,737		21,118
Basic earnings/(loss) per share	$	(0.13)	$	(0.28)	$	0.49

Numerator for diluted earnings per share
Net income available to common shareholders	$	(7,700)	$	(12,599)	$	10,430

Denominator for diluted earnings per share
Basic weighted-average common shares outstanding	58,662		44,737		21,118
Add: Dilutive impact of options in the money	—		—		4
Weighted-average shares outstanding for diluted earnings per share	58,662		44,737		21,122
Diluted earnings/(loss) per share	$	(0.13)	$	(0.28)	$	0.49

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potential dilutive common shares, presented based on weighted average potential shares outstanding during each period and adjusted for the stock split as a result of the transaction, were excluded from the calculation of diluted net loss per

share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:


	For the years ended December 31,
Potential common shares	2021	2020	2019
	(in thousands)
Convertible preferred stock	—	184	689
Stock options to purchase common stock	5,826	4,649	5,273
Restricted stock units	2,110	2,261	—
Performance stock units	1,301	961	—
Warrants to purchase common stock	3,657	9,326	—
Total	12,894	17,381	5,962