XML 28 R18.htm IDEA: XBRL DOCUMENT v3.24.3
Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted income (loss) per share:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Numerator:
Net income (loss) and comprehensive income (loss)$24,681 $(437)$(7,149)$(11,005)
Gain on fair value of warrant liabilities
(8,219)— — — 
Net income (loss) and comprehensive income (loss) adjusted for gain on fair value of warrant liabilities$16,462 $(437)$(7,149)$(11,005)
Denominator:
Basic weighted average shares of common stock outstanding
176,034,571 174,113,605 175,610,399 173,871,888 
Diluted effect of stock-based awards
2,850,849 — — — 
Diluted effect of warrants
1,076,408 — — — 
Diluted weighted average shares of common shares outstanding
179,961,828 174,113,605 175,610,399 173,871,888 
Net income (loss) per share
Basic
$0.14 $— $(0.04)$(0.06)
Diluted
$0.09 $— $(0.04)$(0.06)
The following table presents the potential shares that are excluded from the computation of diluted net income (loss) per share and comprehensive income (loss) per share for the periods presented because including them would have had an anti-dilutive effect:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Stock options issued under 2020 Plan— 2,177,323 1,171,725 2,177,323 
Time-based RSUs— 5,399,847 6,316,214 5,399,847 
Public and Private Warrants— 37,360,000 37,359,837 37,360,000 
Shares issuable for the market condition awards and 2024 KPI awards (see Note 9) are not included in the table above, as the market condition criterion and 2024 KPI award targets have not yet been achieved. Such shares are therefore not included in the Company's calculation of basic or diluted net income per share.