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Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

16. Earnings (Loss) per Share

The computation of loss per share of Class A and Class X Common Stock is as follows (in thousands, except share and per share information):

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(33,859

)

 

$

(39,922

)

 

$

(149,259

)

 

$

(82,420

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

307,949,355

 

 

 

304,599,205

 

 

 

307,178,173

 

 

 

265,117,012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share, basic and diluted

 

$

(0.11

)

 

$

(0.13

)

 

$

(0.49

)

 

$

(0.31

)

 

Basic net loss per common share is the same as dilutive net loss per common share for each of the three and nine months ended September 30, 2022 and each of the three and nine months ended September 30, 2021 as the inclusion of all potential common shares would have been antidilutive.

The following table presents the common shares that are excluded from the computation of diluted net loss per common share as of the periods presented because including them would have been antidilutive:

 

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Options

 

 

50,918,670

 

 

 

41,707,329

 

RSUs

 

 

3,159,185

 

 

 

280,309

 

Compensation warrants

 

 

3,980,656

 

 

 

3,980,656

 

Public and private placement warrants

 

 

15,333,333

 

 

 

15,333,333

 

Term Loan warrants

 

 

4,716,756

 

 

 

 

Earn-out shares

 

 

3,750,000

 

 

 

3,750,000

 

 

 

 

81,858,600

 

 

 

65,051,627