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Basic and Diluted Loss Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Basic and Diluted Loss Per Share

16. Basic and Diluted Loss Per Share

 

Prior to its conversion to common stock in connection with our IPO in September 2020, we considered redeemable convertible preferred stock to be participating securities as preferred stockholders had rights to participate in dividends with the common stockholders. Net losses were not allocated to participating securities as they were not required to fund the losses.

As we have net losses for the years ended December 31, 2022, 2021 and 2020, diluted loss per share is the same as basic loss per share, because potentially dilutive shares are excluded from the computation of loss per share as their effect is anti-dilutive.

The following weighted average potentially dilutive shares are excluded from the computation of diluted loss per share for the periods presented because including them would have been antidilutive:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2022

 

 

2021

 

 

2020

 

Redeemable convertible preferred stock

 

 

 

 

 

 

 

 

92,479

 

Stock options, restricted stock awards and
   restricted stock units

 

 

31,587

 

 

 

28,858

 

 

 

27,374