Joby Aviation, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2023

Net Loss per Share Attributable to Common Stockholders

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Because the Company reported a net loss for the three months ended March 31, 2023 and 2022, the number of shares used to calculate diluted net loss per common share is the same as the number of shares used to calculate basic net loss per common share for those periods presented because the potentially dilutive shares would have been antidilutive if included in the calculation.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except share and per share data):


	Three Months Ended March 31,
	2023		2022
Numerator:
Net loss attributable to common stockholders	$	(113,393)	$	(62,319)
Denominator:
Weighted-average shares outstanding	605,184,671		579,090,606
Net loss per share attributable to common stockholders, basic and diluted	$	(0.19)	$	(0.11)

The following outstanding shares of potentially dilutive securities 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:


			March 31, 2023
Common stock warrants			28,783,333
Unvested restricted stock units			23,855,690
Options to purchase common stock and unvested restricted stock awards			17,782,326
Unvested early exercised common stock options			3,338,985
Total			73,760,334


			March 31, 2022
Common stock warrants			28,783,333
Unvested restricted stock units			18,964,922
Options to purchase common stock and unvested restricted stock awards			22,622,456
Unvested early exercised common stock options			6,266,063
Earnout Shares			17,130,000
Total			93,766,774