Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

v3.22.1
Net Loss Per Share Attributable to Common Stockholders
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Loss per Share Attributable to Common Stockholders

Note 11. 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, 2022 and 2021, 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,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(62,319

)

 

$

(41,505

)

Denominator:

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

579,090,606

 

 

 

111,012,510

 

Net loss per share attributable to common
   stockholders, basic and diluted

 

$

(0.11

)

 

$

(0.37

)

 

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, 2022

 

 

March 31, 2021

 

Common stock warrants

 

 

28,783,333

 

 

 

758,516

 

Unvested restricted stock units

 

 

18,964,922

 

 

 

7,057,151

 

Unvested early exercised common stock options

 

 

6,266,063

 

 

 

9,258,073

 

Options to purchase common stock and unvested restricted stock awards

 

 

22,622,456

 

 

 

19,139,789

 

Earnout Shares

 

 

17,130,000

 

 

 

 

Redeemable convertible preferred stock

 

 

 

 

 

341,688,225

 

Total

 

 

93,766,774

 

 

 

377,901,754