BASIC AND DILUTED NET LOSS PER SHARE |
BASIC AND DILUTED NET LOSS PER SHARE Basic and diluted net loss per share attributable to common stockholders was calculated as follows:
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Three months ended June 30, |
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Six months ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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(Unaudited) |
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(Unaudited) |
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(Unaudited) |
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(Unaudited) |
Numerator: |
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Net profit (loss) |
4,300 |
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(1,659) |
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(3,149) |
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(3,595) |
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Accretion of preferred stock to redemption value |
— |
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(21,076) |
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— |
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(44,804) |
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Net profit (loss) attributable to common stockholders - basic and diluted
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$ |
4,300
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$ |
(22,735) |
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$ |
(3,149) |
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$ |
(48,399) |
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Denominator: |
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Weighted-average number of stock used in computing net loss per stock attributable to common stockholders –
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Basic weighted average number of shares outstanding |
132,152,652
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17,116,586
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128,220,893
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16,956,139
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Effect of dilutive securities - options and RSU (share equivalent) |
7,835,471
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—
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—
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—
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Diluted weighted average number of shares outstanding |
139,988,123
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17,116,586
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128,220,893
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16,956,139
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Net profit (loss) per stock attributable to common stockholders – |
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Basic |
$ |
0.03
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$ |
(1.33) |
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$ |
(0.02) |
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$ |
(2.85) |
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Diluted |
$ |
0.03
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$ |
(1.33) |
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$ |
(0.02) |
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$ |
(2.85) |
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Net loss per share calculations and potentially dilutive security amounts for all periods prior to the Transaction have been retrospectively adjusted to the equivalent number of shares outstanding immediately after the Transaction to effect the reverse recapitalization.
The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net profit (loss) per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:
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Three months ended June 30, |
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Six months ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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(Unaudited) |
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(Unaudited) |
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(Unaudited) |
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(Unaudited) |
Preferred stock |
— |
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73,690,340 |
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— |
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73,690,340 |
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RSU outstanding |
7,991,829 |
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— |
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8,002,502 |
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— |
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Options outstanding |
3,533,772 |
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12,671,191 |
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12,363,179 |
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12,671,191 |
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Warrants outstanding |
10,222,500 |
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680,271 |
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10,222,500 |
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680,271 |
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