NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2024

11. NET LOSS PER SHARE

The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2024 and 2023 (in thousands, except share and per share data):


	Three Months Ended September 30,
	2024		2023
Numerator:
Net loss attributable to common stockholders - basic and diluted	$	(22,712)	$	(16,106)
Denominator:
Weighted-average common stock outstanding	201,585,533		133,222,318
Net loss per share attributable to common stockholders - basic and diluted	$	(0.11)	$	(0.12)


	Nine Months Ended September 30,
	2024		2023
Numerator:
Net loss attributable to common stockholders - basic and diluted	$	(57,802)	$	(66,701)
Denominator:
Weighted-average common stock outstanding	178,406,948		131,373,959
Net loss per share attributable to common stockholders - basic and diluted	$	(0.32)	$	(0.51)

For the nine months ended September 30, 2024 and 2023 the Company’s potentially dilutive securities were stock options, the Warrant Shares, the Public Warrants and Private Warrants and the unvested restricted stock unit awards.

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potential common shares outstanding would have been anti-dilutive.

Potentially dilutive securities (upon conversion) that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	Nine Months Ended September 30,
	2024	2023
Public Warrants as converted to Common Shares (Note 7)	14,420,065	14,420,065
Private Warrants as converted to Common Shares (Note 7)	11,633,060	11,633,060
D-Wave Systems Warrant Shares as converted to Common Shares (Note 7)	1,155,713	2,889,282
Stock options issued and outstanding	12,876,146	11,311,698
Unvested restricted stock unit awards	10,126,942	—
Total	50,211,926	40,254,105