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Net Income (Loss) Per Share Attributable to Common Stockholders | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share Attributable to Common Stockholders | Net Income (Loss) Per Share Attributable to Common Stockholders Basic and diluted net income (loss) per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Under the two-class method, net income (loss) is attributed to common stockholders and participating securities according to dividends declared or accumulated and participation rights in undistributed earnings. The two-class method requires income available to common stockholders for the period to be allocated between common and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. The Company considers its convertible preferred stock to be participating securities. Under the two-class method, the net loss attributable to common stockholders is not allocated to the convertible preferred stock as the holders of the Company’s convertible preferred stock do not have a contractual obligation to share in the Company’s losses. The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except share and per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net income (loss) and comprehensive loss | $ | (1,147) |  |  | $ | (8,467) |  |  | $ | 2,127 |  |  | $ | (20,334) |
Accretion on convertible preferred stock | (1,535) |  |  | (1,326) |  |  | (2,863) |  |  | (1,979) |
Net loss attributable to common stockholders (1) | $ | (2,682) |  |  | $ | (9,793) |  |  | $ | (736) |  |  | $ | (22,313) |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares used in computed net loss per share attributable to common stockholders basic and diluted | 8,867,399 |  | 8,213,247 |  | 8,803,729 |  | 8,162,102
Net loss per share attributable to common stockholders basic and diluted | $ | (0.30) |  |  | $ | (1.19) |  |  | $ | (0.08) |  |  | $ | (2.73) |
(1) For the three and six months ended June 30, 2024 and 2023, the Company did not allocate its net loss to participating convertible preferred stock as those shares are not obligated to share in the losses of the Company. The following table summarizes the common stock equivalents of potentially dilutive outstanding securities excluded from the computation of diluted net income (loss) per share due to their anti-dilutive effect:
| As of June 30,
| 2024 |  | 2023
Stock options | 361,723 |  |  | 473,240 |
RSUs | 1,479,657 |  |  | 299,646 |
PRSUs | 71,428 |  |  | 79,803 |
ESPP shares committed | 36,534 |  |  | 28,721 |
Common stock warrants | 10,974,303 |  |  | 9,175,289 |
Convertible preferred stock | 5,164,359 |  |  | 4,373,178 |
Total | 18,088,004 |  |  | 14,429,877 |
The Company’s 200,536 unvested earnout shares, described in Part II, Item 8 "Financial Statements and Supplementary Data - Note 9 to the Consolidated Financial Statements - Convertible Preferred Stock, Warrants, and Earnout Shares" in the 2023 Form 10-K, were excluded from the calculation of basic and diluted per share calculations as the vesting conditions have not yet been met as of June 30, 2024.

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