Net Profit (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Earnings Per Share, Basic and Diluted

The Company computes basic net profit (loss) per share using net profit (loss) attributable to the Company’s common stockholders and the weighted-average number of common shares outstanding during each period. Diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive.


	Year Ended December 31,
(in thousands, except per share amounts)	2021		2020
Numerator:
Net profit (loss) and comprehensive income (loss)	$	3,855	$	(17,985	)
Deemed dividend - redemption of common stock		—		(826	)

Net profit (loss) attributable to common stockholders - Basic and Diluted	$	3,855	$	(18,811	)

Denominator:
Weighted average shares outstanding - Basic		108,088,115		38,336,659
Add: Weighted average unvested options outstanding		5,875,309		—

Weighted average shares outstanding - Diluted		113,963,424		38,336,659

Net profit (loss) per common share:
Basic	$	0.04	$	(0.49	)
Diluted	$	0.03	$	(0.49	)

Summary of Dilutive Securities are Excluded from the Denominator

The following dilutive securities are excluded from the denominator:


	Year Ended December 31,
	2021		2020
Convertible preferred stock		—		107,592,801
Unvested RSUs		4,337,556		—
Unvested awards		—		14,016,486
Warrants		8,525,000		180,928
Contingently issuable earnout shares		14,666,667		—

Total		27,529,223		121,790,215