Net Loss per Share

12 Months Ended

Dec. 31, 2023

The table below presents a reconciliation of the basic and diluted net loss per share that were computed for the following periods:


	Year ended December 31,
	2023		2022
Numerator:
Net loss attributable to Canoo	$	(302,021)	$	(487,694)
Less: dividend on redeemable preferred stock	459		—
Less: additional deemed dividend on redeemable preferred stock	141		—
Net loss available to common shareholders	$	(302,621)	$	(487,694)

Denominator:
Weighted-average common shares outstanding:
Basic and diluted	576,199		269,768

Net loss per common share:
Basic and diluted	$	(0.53)	$	(1.81)

For all periods presented, the shares included in computing basic net loss per share exclude restricted shares and shares issued upon the early exercise of share options where the vesting conditions have not been satisfied.

Diluted net income per share adjusts basic net income per share for the impact of potential Common Stock shares. As the Company has reported net losses for all periods presented, all potential Common Stock shares are antidilutive, and accordingly, basic net loss per share equals diluted net loss per share.

The following table presents the outstanding potentially dilutive shares that have been excluded from the computation of diluted net loss per share, because including them would have an anti-dilutive effect (in thousands):


	December 31,
	2023	2022
Convertible debt (Note 9)	217,935	46,988
Restricted and performance stock units	38,386	31,412
Warrants to purchase Common Stock (Note 16)	264,496	29,605
Restricted Common Stock shares	—	2,842
Early exercise of unvested stock options	—	593
Options to purchase Common Stock	88	195