Net Loss Per Share

6 Months Ended

Jun. 30, 2023

The Company computes net loss per share of the Class A common stock and Class B common stock using the two-class method required for participating securities. Basic and diluted loss per share are the same for each class of common stock because they are entitled to the same liquidation and dividend rights. The effect of potentially dilutive common shares is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted loss per Class A common stock and Class B common stock (in thousands, except for share and per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net loss – basic and diluted	$	(21,987)	$	(62,611)	$	(57,581)	$	(212,175)
Denominator:
Weighted average common shares outstanding – basic and diluted	20,990,780		20,407,887		20,939,723		20,246,176
Net loss per share attributable to common stockholders – basic and diluted	$	(1.05)	$	(3.07)	$	(2.75)	$	(10.48)

The following outstanding common stock equivalents were considered antidilutive, and therefore, excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented (share numbers are not in thousands).


	As of June 30,
	2023	2022
Common stock warrants	226,786	226,786
Common stock options	946,792	1,201,993

Restricted stock units	2,700,905	660,685
Total	3,874,483	2,089,464