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Earnings (loss) per common share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Summary of computation of basic and diluted earnings (loss) per common share

The following table sets forth the computation of basic and diluted earnings (loss) per common share (each adjusted to account for the 50-for-1 reverse stock split) for the periods presented (in thousands, except per share amounts):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(28,965

)

 

$

(47,420

)

 

$

34,295

 

 

$

(129,455

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares for

   basic loss per common share

 

 

9,261

 

 

 

8,444

 

 

 

8,877

 

 

 

7,762

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

328

 

 

 

 

Weighted average common shares for

   diluted loss per common share

 

 

9,261

 

 

 

8,444

 

 

 

9,205

 

 

 

7,762

 

Earnings (loss) per common share, basic

 

$

(3.13

)

 

$

(5.62

)

 

$

3.86

 

 

$

(16.68

)

Earnings (loss) per common share, diluted

 

$

(3.13

)

 

$

(5.62

)

 

$

3.73

 

 

$

(16.68

)

Schedule of antidilutive securities excluded from computation of earnings per share

The following table sets forth the outstanding securities as of the periods presented which were not included in the calculation of diluted earnings per common share during the respective three months ended September 30, 2022, and three and nine months ended September 31, 2021 (in thousands):

 

 

As of September 30,

 

 

 

2022

 

 

2021

 

Stock options

 

 

197

 

 

 

369

 

RSUs

 

 

301

 

 

 

323

 

PSUs

 

 

100

 

 

 

194

 

Warrants

 

 

411

 

 

 

103

 

 

 

 

1,009

 

 

 

989