Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.22.2
Net Loss Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

17. 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net loss

 

$

(15,837

)

 

$

(4,487

)

 

$

(29,009

)

 

$

(14,845

)

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

 

 

43,410,858

 

 

 

34,292,874

 

 

 

42,829,188

 

 

 

32,328,909

 

Net loss per common share, basic and diluted

 

$

(0.36

)

 

$

(0.13

)

 

$

(0.68

)

 

$

(0.46

)

 

The Company generated a net loss for each of the three and six months ended June 30, 2022 and 2021. 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 months ended June 30, 2022, 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 10,338,759, and 10,653,658 for the three months ended June 30, 2021.

For the six months ended June 30, 2022, 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 10,096,382, and 11,679,120 for the six months ended June 30, 2021.