Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share (Tables)

v3.23.1
Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Calculation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders
The following table presents the calculation of basic loss per share (in thousands, except per share amounts):
Three Months Ended March 31,
2023 2022
Net loss (income) $ (44,318) $ 7,748 
Basic weighted-average shares outstanding 316,240  269,825 
Basic (loss) earnings per share $ (0.14) $ 0.03 
As the company generated net income during the three months ended March 31, 2022, diluted earnings per share for the prior period was $0.03 based on the diluted weighted-average number of shares of 280,949.
Three Months Ended March 31,
2023 2022
Net loss (income) $ (44,318) $ 7,748 
Weighted-average shares outstanding 316,240  269,825 
Stock options —  10,608 
RSUs —  516 
Diluted weighted-average number of shares 316,240  280,949 
Diluted (loss) earnings per share $ (0.14) $ 0.03 
Schedule of Outstanding Securities were Excluded from the Computation of Diluted Net Loss Per Share
The following outstanding securities were excluded from the computation of loss per share because their effect would have been anti-dilutive for the periods presented (in thousands):
As of March 31,
2023 2022
Convertible Senior Secured Notes
207,807  — 
Stock options 11,878  1,007 
Time-based vesting RSUs 30,713  25,740 
Market-based vesting RSUs 7,250  29,073 
Warrants to purchase Class A Common Stock 12,935  12,935 
Contingently issuable shares 1,977  1,977 
Total 272,560  70,732