Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.23.2
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Note 14 - Net Income (Loss) Per Share
The computation of basic and diluted earnings per share is as follows for the three and six months ended June 30, 2023 and 2022 (in thousands, except share and per share data):
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Net loss $ (15,715) $ (15,570) $ (24,589) $ (25,452)
Income attributable to non-controlling interest (15) (1) (26) (25)
Net loss available to common stockholders used in basic and diluted net income per share (15,730) (15,571) (24,615) (25,477)
Weighted average shares of common stock outstanding - basic 56,679,984  56,629,467  56,661,000  56,627,569 
Effect of dilutive securities (1)
—  —  —  — 
Weighted average shares of common stock - diluted 56,679,984  56,629,467  56,661,000  56,627,569 
Basic and diluted net loss per share attributable to common stockholders $ (0.28) $ (0.27) $ (0.43) $ (0.45)
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(1)As of June 30, 2023 and 2022, there were no adjustments to the weighted average common shares outstanding used in the diluted calculation given that all potentially dilutive shares were anti-dilutive.
The following were excluded from diluted net loss per share attributable to common stockholders, as the effect would have been antidilutive:
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Weighted average unvested Time-Based RSUs (1)
10,665  —  11,965  — 
Weighted average stock warrants 1,120,000  1,120,000  1,120,000  1,120,000 
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(1)Net of assumed repurchases in accordance with the treasury stock method and exclude Performance-Based RSUs for which the performance thresholds have not been met by the end of the applicable reporting period.