Net Income (Loss) per Share (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Basic and Diluted Net Income (Loss) Per Share

Basic and diluted net income (loss) per share attributable to common stockholders are calculated as follows (in thousands, except share and per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023








Net income (loss)	$	3,462	$	(66,754)	$	(8,182)	$	(95,363)
Reallocation of net income attributable to participating securities	(41)		—		—		—
Net income (loss) attributable to common stockholders – basic and diluted	$	3,421	$	(66,754)	$	(8,182)	$	(95,363)

Denominator:
Weighted average common shares outstanding – basic	156,473,080		148,882,160		154,774,899		147,664,534
Weighted average effect of potentially dilutive securities:

Stock options	13,047,919		—		—		—
Restricted stock units	1,940,411		—		—		—

Finback Common Stock Warrants	102,533		—		—		—
Total potentially dilutive securities	15,090,863		—		—		—
Weighted average common shares outstanding – diluted	171,563,943		148,882,160		154,774,899		147,664,534
Net income (loss) per share attributable to common stockholders - basic	$	0.02	$	(0.45)	$	(0.05)	$	(0.65)
Net income (loss) per share attributable to common stockholders - diluted	$	0.02	$	(0.45)	$	(0.05)	$	(0.65)

Schedule of Potential Common Shares Excluded from the Computation of Diluted Net Loss Per Share

The following potentially dilutive outstanding securities were excluded from the computation of diluted net income (loss) per share attributable to common stockholders because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:


	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Options issued and outstanding	7,237,746	22,340,997	21,681,791	22,340,997
Public Warrants to purchase common stock	14,324,893	14,324,893	14,324,893	14,324,893
Warrants to purchase common stock (Finback)	—	1,590,984	117,423	1,590,984
Unvested restricted stock units	8,843,186	12,451,740	16,117,388	12,451,740
Unvested performance stock units	—	407,000	—	407,000
Earn-out shares*	15,000,000	15,000,000	15,000,000	15,000,000
Contingently issuable common stock*	1,897,500	1,897,500	1,897,500	1,897,500
	47,303,325	68,013,114	69,138,995	68,013,114

*Issuance of Earn-out shares and Contingently issuable common stock is contingent upon the satisfaction of certain conditions, which were not satisfied by the end of the period