Net Loss Per Share Attributable To Common Stockholders

9 Months Ended

Mar. 31, 2022

Net Loss Per Share Attributable To Common Stockholders

NOTE 15 – NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share amounts):


	Three months ended March 31,						Nine months ended March 31,
	2022			2021			2022			2021
Numerator:
Net loss attributable to common stockholders	$	(86,720	)	$	(26,728	)	$	(241,419	)	$	(56,858	)
Denominator:
Weighted-average shares used to compute net loss per share attributable to common stockholders
Basic and diluted		103,830			82,627			100,856			81,446
Net loss per share attributable to common stockholders:
Basic and diluted	$	(0.84	)	$	(0.32	)	$	(2.39	)	$	(0.70	)

Potentially dilutive securities, which were excluded from the diluted net loss per share calculations because they would have been antidilutive were as follows as of the dates presented (in thousands):


	March 31,
	2022		2021
Stock options		4,232		5,905
Restricted stock units		3,159		1,167
Total		7,391		7,072

In addition, approximately 8.5 million shares underlying the conversion option of the Notes are not considered in the calculation of diluted net loss per share. Such number of shares issuable under the Notes is subject to adjustment up to approximately 12.7 million shares if certain corporate events occur prior to the maturity date of the Notes or if the Company issues a notice of redemption. The Company’s current intent is to settle conversions of the Notes through a combination settlement, which involves a repayment of the principal portion in cash with any excess of the conversion value over the principal amount settled in shares of common stock. The Company uses the "as-if converted" method for calculating any potential dilutive effect of the conversion option on diluted earnings per share, if applicable. During the three and nine months ended March 31, 2022, the average market price of the Company’s common stock did not exceed

the initial conversion price of the 2027 Notes of $414.80 per share; however, it exceeded the initial conversion price of the 2025 Notes of $160.88 per share.