Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2022

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 share and per share amounts):


	Three Months Ended March 31,
	2022		2021
Numerator:
Net loss attributable to common stockholders (1)	$	(28,758)	$	(7,857)
Denominator:
Weighted-average common shares used in computed net loss per share attributable to common stockholders basic and diluted	110,384,313		22,233,820
Net loss per share attributable to common stockholders basic and diluted	$	(0.26)	$	(0.35)

(1) For the three months ended March 31, 2021, the Company did not allocate its net loss to participating redeemable convertible preferred stock as those shares are not obligated to share in the losses of the Company. As of March 31, 2022, the Company no longer has participating redeemable convertible preferred stock.

The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share due to their anti-dilutive effect:


			As of March 31,
			2022
Stock options			9,866,965
RSUs			6,557,326
PRSUs			1,842,105
ESPP shares committed			234,133
Common stock warrants			18,100,000
Total			36,600,529

The Company’s 2,807,500 unvested earnout shares were excluded from the calculation of basic and diluted per share calculations as the vesting conditions have not yet been met as of March 31, 2022.


			As of March 31,
			2021
Stock options			11,186,265
Common stock warrants			942,623
Convertible notes			4,573,466
Preferred stock			61,809,312
Preferred stock warrants			889,765
Total (1)			79,401,431

(1) Securities shown as of March 31, 2021 have been retrospectively adjusted reflecting the exchange ratio of approximately 2.053 established in the Merger. See Part II, Item 8 "Financial Statements and Supplementary Data - Note 3 to the Consolidated Financial Statements - Merger" in the 2021 Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the "Form 10-K") for more information.