Net Loss per Share

6 Months Ended

Jun. 30, 2022

Basic net loss per share is calculated by dividing the net loss by the weighted average number of outstanding shares of common stock for each period. Diluted net loss per share is calculated by giving effect to all potential dilutive common stock equivalents, which includes stock options, restricted stock units, and restricted stock awards. Because the Company incurred net losses each period, the basic and diluted calculations are the same. Basic and diluted net loss per share are the same for each class of common stock, as both Class A and Class B stockholders are entitled to the same liquidation and dividend rights.

The following table presents the calculation for basic and diluted net loss per share (in thousands, except share and per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Net loss attributable to common shareholders	$	(14,610)	$	(5,442)	$	(24,365)	$	(11,809)
Weighted average common shares outstanding	54,502,809		53,684,325		54,356,817		53,557,340
Net loss per share, basic and diluted	$	(0.27)	$	(0.10)	$	(0.45)	$	(0.22)

The following outstanding shares of common stock equivalents were excluded from the calculation of diluted net loss per share for each period, as the impact of including them would have been anti-dilutive.


	June 30,
	2022	2021
Stock options outstanding	59,510	105,510
RSUs	2,697,798	1,992,113
Total potentially dilutive shares	2,757,308	2,097,623