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Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Summary of Reconciliation of Denominator Used in Calculation of Basic and Diluted Net Loss Per Share

A reconciliation of the denominator used in the calculation of basic and diluted net loss per share is as follows:

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net loss

$

(5,463

)

 

$

(31,411

)

 

$

(162,691

)

 

$

(97,113

)

Weighted-average common shares outstanding — basic

 

50,051

 

 

 

48,067

 

 

 

49,719

 

 

 

47,821

 

Dilutive effect of share equivalents resulting from stock
   options, RSUs, ESPP, PSUs, Warrants and the
   Conversion Options

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares, outstanding — diluted

 

50,051

 

 

 

48,067

 

 

 

49,719

 

 

 

47,821

 

Net loss per share, basic and diluted

$

(0.11

)

 

$

(0.65

)

 

$

(3.27

)

 

$

(2.03

)

Schedule of Potentially Dilutive Common Stock Equivalents

The following table contains all potentially dilutive common stock equivalents.

 

 

As of September 30,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Options to purchase common shares

 

 

485

 

 

 

522

 

RSUs

 

 

2,020

 

 

 

1,601

 

Conversion Option of the 2022 Notes and Warrants

 

 

 

 

 

844

 

Conversion Option of the 2025 Notes

 

 

1,625

 

 

 

1,625

 

PSUs

 

 

 

 

 

 

ESPP

 

 

 

 

 

7