Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.21.2
Net Loss Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Net Loss Per Share

19. NET LOSS PER SHARE

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

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net loss

 

$

(11,859

)

 

$

(5,333

)

 

$

(26,704

)

 

$

(22,284

)

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

 

 

41,554,876

 

 

 

28,330,869

 

 

 

35,404,231

 

 

 

22,972,425

 

Net loss per common share, basic and diluted

 

$

(0.29

)

 

$

(0.19

)

 

$

(0.75

)

 

$

(0.97

)

 

The Company generated a net loss for each of the three and nine months ended September 30, 2021 and 2020. 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 three and nine months ended September 30, 2021, the weighted average number of outstanding shares of common stock equivalents, which were excluded from the calculation of the diluted net loss per share as their effect would be anti-dilutive, was 10,827,900 and 11,395,380, respectively, and 16,803,358 and 17,184,630 for the three and nine months ended September 30, 2020, respectively.