Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v3.20.4
Net Loss Per Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Loss Per Share

24. NET LOSS PER SHARE

The Business Combination was accounted for as a reverse recapitalization in accordance with U.S. GAAP (see Note 5 – Business Combination). Accordingly, weighted-average shares outstanding for purposes of the net loss per share calculation have been retrospectively adjusted to reflect the exchange ratio established in the Business Combination.

The following table sets forth the calculation of basic and diluted loss per common share during the period presented (in thousands, except share and per share data):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Net loss

 

$

(26,810

)

 

$

(5,512

)

Weighted-average shares used to compute net loss per common share, basic and diluted

 

 

24,652,004

 

 

 

11,603,381

 

Net loss per common share, basic and diluted

 

$

(1.09

)

 

$

(0.48

)

 

The Company generated a net loss attributable to the Company’s common stockholders for each of the years ended December 31, 2020 and 2019. Accordingly, the effect of dilutive securities is not considered in the net loss per share for such periods because their effect would be anti-dilutive on the net loss per share.

For the year ended December 31, 2020, the weighted-average number of outstanding shares of common stock equivalents, which were excluded from the calculation of the diluted net loss per share attributable to common stockholders as their effect would be anti-dilutive, was 15,275,403 (1,244,043 for the year ended December 31, 2019).