Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

NET INCOME (LOSS) PER SHAREThe following table sets forth the computation of net income (loss) per common share:

	Three Months Ended March 31,
	2022		2021
Net (loss) income per share
Numerator
Net (loss) income	$	(5,558)	$	8,090
Denominator
Denominator for basic net (loss) income per weighted average common shares	97,873,452		31,558,754
Effect of dilutive securities
Warrants	—		5,186,007
Private warrants	—		4,988,719
Stock options	—		10,589,093
Denominator for diluted net (loss) income per weighted average common shares	97,873,452		52,322,573
Net (loss) income per common share
Basic	$	(0.06)	$	0.26
Diluted	$	(0.06)	$	0.15

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

	Three Months Ended March 31,
	2022	2021
Public warrants	12,500,000	—
Private warrants	332,500	—
Stock options	8,442,265	—
Unvested restricted stock units	6,274,361	19,000,000
Total common stock equivalents	27,549,126	19,000,000

Unvested restricted stock units that were outstanding during the three months ended March 31, 2021 were not included in the computation of diluted EPS because the performance obligation related to these restricted stock units had not occurred as of the reporting date.