Net Loss Per Share

6 Months Ended

Jun. 30, 2022

15.

NET LOSS PER SHARE

The following table sets forth the computation of net loss per common share (in thousands except share and per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Numerator:
Net loss from continuing operations	$	(69,145	)	$	(47,717	)	$	(116,433	)	$	(80,986	)
Net loss from discontinued operations	$	(14,108	)	$	(8,242	)	$	(22,065	)	$	(14,439	)
Denominator:
Weighted-average common shares outstanding—basic and diluted		120,719,489			22,079,802			120,260,245			21,919,563
Net loss per share continuing operations—basic and diluted	$	(0.57	)	$	(2.16	)	$	(0.97	)	$	(3.69	)
Net loss per share discontinued operations—basic and diluted	$	(0.12	)	$	(0.37	)	$	(0.18	)	$	(0.66	)

The Company’s potentially dilutive securities, which include public warrants, private placement warrants, restricted stock units, stock options to purchase common stock and warrants to purchase redeemable convertible preferred stock and common stock, have been excluded from the computation of diluted net loss per share as the effect would be antidilutive. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:


	Six Months Ended June 30,
	2022		2021
Conversion of redeemable convertible preferred stock		—		52,880,354
Public Warrants and Private Placement Warrants		15,660,417		—
Warrants to purchase redeemable convertible preferred stock		—		279,328
Options to purchase common stock		7,769,941		10,530,781
Restricted stock units		10,635,293		717,699
Conversion of convertible loan		—		9,848,683
Total common stock equivalents		34,065,651		74,256,846

The shares of the Company's common and redeemable convertible preferred stock, prior to the Merger (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 0.34456 established in the Merger as described in Note 4.