Three Months Ended

Nine Months Ended

September 30,

($ in thousands except per share data)

2022

2021

2022

2021

Net (loss) income per share — Basic:

Net (loss) income

$

(3,099)

$

(5,965)

$

(12,584)

$

102,210

Less: Undistributed earnings to preferred stockholders

—

(1,636)

Net (loss) income applicable to common stockholders - basic

$

(3,099)

$

(5,965)

$

(12,584)

$

100,574

Numerator for basic net (loss) income applicable to common stockholders

$

(3,099)

$

(5,965)

$

(12,584)

$

100,574

Denominator for basic net (loss) income applicable to common stockholders

53,286

52,740

53,052

47,990

Net (loss) income applicable to common stockholders - basic

$

(0.06)

$

(0.11)

$

(0.24)

$

2.10

Net (loss) income per share — Diluted:

Net (loss) income

$

(3,099)

$

(5,965)

$

(12,584)

$

102,210

Less: Warrant revaluation gain applicable to dilutive liability-classified warrants

—

(6,983)

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

—

(118,803)

Numerator for diluted net (loss) income applicable to common stockholders

$

(3,099)

$

(5,965)

$

(12,584)

$

(23,576)

Denominator for basic net (loss) income applicable to common stockholders

53,286

52,740

53,052

47,990

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

—

223

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

—

3,400

Denominator for diluted net income (loss) applicable to common stockholders

53,286

52,740

53,052

51,613

Net (loss) income applicable to common stockholders - diluted

$

(0.06)

$

(0.11)

$

(0.24)

$

(0.46)