Net Loss Per Share

9 Months Ended

Sep. 30, 2022

(17) Net Loss Per Share

The unaudited basic and diluted net loss per share for the three and nine months ended September 30, 2021 has been computed to give effect to the conversion of shares of Legacy Quanergy convertible preferred stock into shares of Legacy Quanergy common stock as though the conversion had occurred as of the beginning of the period. Shares of the Company’s common stock reflect the reverse stock split and the Exchange Ratio as though the conversion had occurred as of the beginning of the period.

The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2022 and 2021, respectively (in thousands, except share and per share data):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Numerator:
Net loss attributable to common stockholder, basic and diluted	$	(17,652	)	$	(18,999	)	$	(148,008	)	$	(54,180	)
Denominator:
Weighted average shares of common stock outstanding, basic and diluted		6,824,212			3,463,403			5,793,554			3,320,498
Net loss per share attributable to common stockholder, basic and diluted	$	(2.59	)	$	(5.49	)	$	(25.55	)	$	(16.32	)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potential common shares outstanding would be anti-dilutive.

The following table presents the potential common shares outstanding that were excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would be anti-dilutive:


	As of September 30,
	2022		2021
Public warrants		689,999		—
Private placement warrants		376,000		—
GEM warrants		169,896		—
Stock options and RSUs issued and outstanding		676,643		719,502
Convertible notes		—		196,733
Potential common shares excluded from diluted net loss per share		1,912,538		916,235