Three Months Ended

Nine Months Ended

September 30,

($ in thousands except per share data)

2021

2020

2021

2020

Net (loss) income per share — Basic:

Net (loss) income

$

(5,965)

$

(20,552)

$

102,210

$

(35,961)

Less: Undistributed earnings to preferred stockholders

—

(1,636)

—

Net (loss) income attributable to common stockholders

$

(5,965)

$

(20,552)

$

100,574

$

(35,961)

Net (loss) income attributable to common stockholders

$

(5,965)

$

(20,552)

$

100,574

$

(35,961)

Denominator for basic net (loss) income per share

52,740

35,091

47,990

32,999

Basic net (loss) income per common share

$

(0.11)

$

(0.59)

$

2.10

$

(1.09)

Net (loss) income per share — Diluted:

Net (loss) income

$

(5,965)

$

(20,552)

$

102,210

$

(35,961)

Less: Warrant revaluation gain applicable to dilutive warrants

—

(6,983)

—

Less: Future tranche right revaluation gain applicable to dilutive future tranche rights

—

(118,803)

Less: Undistributed earnings to preferred stockholders

—

Numerator for diluted net (loss) income per share

$

(5,965)

$

(20,552)

$

(23,576)

$

(35,961)

Denominator for basic net income per share

52,740

35,091

47,990

32,999

Plus: Incremental shares underlying “in the money” warrants outstanding

—

223

—

Plus: Incremental shares underlying “in the money” future tranche rights outstanding

—

3,400

Denominator for diluted net (loss) income per share

52,740

35,091

51,613

32,999

Diluted net (loss) income per common share

$

(0.11)

$

(0.59)

$

(0.46)

$

(1.09)