XML 43 R24.htm IDEA: XBRL DOCUMENT v3.22.0.1
NET LOSS PER SHARE
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
NET LOSS PER SHARE NET LOSS PER SHARE
The Company computes earnings per share using the two-class method required for participating securities and multiple classes of common stock. The two-class method requires net income be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. The rights, including the liquidation and dividend rights and sharing of losses of the Class A common stock and Class B common stock are identical, other than voting, transfer, and conversion rights. As the liquidation and dividend rights and sharing of losses are identical, the undistributed earnings are allocated on a proportionate basis and the resulting net loss per share attributed to common stockholders will, therefore, be the same for both Class A and Class B common stock on an individual or combined basis.
The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented:
(in thousands, except share and per share data)December 31,
2021
December 31,
2020
December 31,
2019
Net loss attributable to common stockholders$(45,370)$(25,860)$(14,527)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted69,308,930 53,005,424 51,469,007 
Net loss per share attributable to common stockholders, basic and diluted$(0.65)$(0.49)$(0.28)
The following shares of preferred stock and common stock were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been antidilutive:
December 31,
2021
December 31,
2020
December 31,
2019
Outstanding stock options16,370,673 15,611,571 13,844,715 
Convertible preferred stock— 70,990,919 62,187,015 
Convertible preferred stock warrants— 1,104,560 1,104,560 
Common stock warrants30,684 1,181,640 1,181,640 
2021 ESPP946 — — 
RSUs160,227 — — 
16,562,530 88,888,690 78,317,930