Net Income (Loss) Per Share of Class A Common Stock

9 Months Ended

Sep. 30, 2023

Net (Loss)/Income Per Share of Class A Common Stock

13. Net Income (Loss) Per Share of Class A Common Stock

The following table includes the calculation of basic and diluted net (loss) income per share:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands except per share information)
Income (loss) from continuing operations	$	675	$	(13,800)	$	(50,071)	$	(60,074)
Income (loss) from discontinued operations	—		707		—		707
Net income (loss) available to common stockholders	$	675	$	(13,093)	$	(50,071)	$	(59,367)

Basic and diluted net income (loss) per share - continuing operations	$	0.00	$	(0.12)	$	(0.38)	$	(0.51)
Basic and diluted net income (loss) per share - discontinued operations	—		0.01		—		0.01
Basic and diluted net income (loss) per share	$	0.00	$	(0.11)	$	(0.38)	$	(0.50)

Shares used in the computation of basic and diluted net income (loss) per share	138,881		118,582		133,465		117,403

The potentially dilutive securities listed below were not included in the calculation of diluted weighted average common shares outstanding, as their effect would have been anti-dilutive during the nine months ended September 30, 2023 and three and nine months ended September 30, 2022.


	Three and Nine Months Ended September 30,
		2023	2022
		(in thousands)
Restricted Class A common stock		31	79
Class A common stock warrants		1,770	1,770
Stock options		9,146	8,083
Restricted stock units		18,202	8,268
Public Warrants (exercisable for Class A common stock) treated as liability		15,813	15,813
Private Placement Warrants (exercisable for Class A common stock) treated as liability		24,729	8,325
Sponsor Shares		2,372	2,372