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Net Loss Per Share

3 Months Ended

Mar. 31, 2023

Net Loss Per Share

Net Loss Per Share

Note 12 – Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share for the three months ended March 31, 2023 and 2022:

​

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
(in thousands, except per share data)	​	2023			2022
Numerator	​	​	​	​	​	​
Net loss		$	(49,081)		$	(55,266)
Less: net loss attributable to redeemable noncontrolling interest	​	​	(36,005)		​	(40,867)
Net loss attributable to Class A common stockholders	​	​	(13,076)	​	​	(14,399)
Less: net loss attributable to participating securities	​	​	(131)	​	​	(151)
Net loss attributable to Class A common stockholders, basic and diluted	​	$	(12,945)	​	$	(14,248)
​	​	​	​	​	​	​
Denominator	​	​	​	​	​	​
Weighted average common stock outstanding	​	​	71,713	​	​	68,742
Less: weighted average unvested Earnout Shares outstanding	​	​	(719)	​	​	(719)
Weighted average common stock outstanding, basic and diluted	​	​	70,994	​	​	68,023
​	​	​	​	​	​	​
Net loss per share – basic and diluted	​	$	(0.18)	​	$	(0.21)

​

The Company’s potentially dilutive securities consist of the Company’s Public Warrants, Private Placement Warrants, restricted stock units (“RSUs”), stock options and unvested Earnout Shares. For the periods in which net loss per share is presented, the Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to Class A common stockholders since their impact would have been antidilutive:

​

​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
(in thousands)	​	2023		2022
Public Warrants	​	14,949	​	14,949
Private Placement Warrants	​	3,149	​	3,149
RSUs	​	7,237	​	1,781
Stock options	​	473	​	—
​	​	25,808	​	19,879

​

Additionally, 718,750 unvested Earnout Shares were excluded from the computation of diluted net loss per share since their vesting threshold (i.e., the $15.00 Triggering Event) had not yet been met as of March 31, 2023 and 2022.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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