| Schedule of Computation of Basic and Diluted Net Loss Per Share |
The following table provides the computation of basic and diluted net loss per share:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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(in thousands, except per share data) |
| Numerator–basic: |
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| Net loss attributable to Class A common stockholders–basic |
$ |
(9,816) |
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$ |
(154,350) |
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$ |
(19,015) |
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$ |
(164,927) |
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| Numerator–diluted: |
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| Net loss attributable to Class A common stockholders–basic |
$ |
(9,816) |
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$ |
(154,350) |
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$ |
(19,015) |
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$ |
(164,927) |
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| Effective of dilutive securities: |
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| Shares of Class V common stock |
— |
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(748,756) |
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(61,015) |
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(798,969) |
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| Net loss attributable to Class A common stockholders–diluted |
$ |
(9,816) |
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$ |
(903,106) |
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$ |
(80,030) |
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$ |
(963,896) |
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| Denominator–basic: |
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| Weighted average Class A common shares outstanding–basic |
107,454 |
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41,579 |
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74,699 |
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41,579 |
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| Net loss per share attributable to Class A common stockholders–basic |
$ |
(0.09) |
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$ |
(3.71) |
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$ |
(0.25) |
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$ |
(3.97) |
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| Denominator–diluted: |
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| Weighted average Class A common shares outstanding–basic |
107,454 |
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41,579 |
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74,699 |
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41,579 |
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| Weighted average effect of dilutive securities: |
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| Shares of Class V common stock |
— |
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200,474 |
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201,329 |
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198,783 |
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| Weighted average shares outstanding–diluted |
107,454 |
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|
242,053 |
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276,028 |
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240,362 |
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| Net loss per share attributable to Class A common stockholders–diluted |
$ |
(0.09) |
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$ |
(3.73) |
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$ |
(0.29) |
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$ |
(4.01) |
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| Schedule of Potentially Dilutive Securities Excluded from the Computation of Diluted Net Loss Per Share |
The following table presents potentially dilutive securities excluded from the computation of diluted net loss per share for the periods presented because their effect would have been anti-dilutive.
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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(in thousands) |
Stock warrants (1)
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81,938 |
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10,819 |
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81,938 |
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10,819 |
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Stock options (1)
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5,924 |
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2,134 |
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5,924 |
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2,134 |
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Restricted stock units (1)
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1,250 |
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— |
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1,250 |
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— |
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Restricted stock awards (1)
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250 |
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— |
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250 |
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— |
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Shares of Class V common stock (2)
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198,610 |
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|
602 |
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— |
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602 |
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| Total |
287,972 |
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13,555 |
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89,362 |
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13,555 |
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(1) Represents the number of instruments outstanding at the end of the period. Application of the treasury stock method would reduce this amount if they had a dilutive effect and were included in the computation of diluted net loss per share.
(2) Shares of Class V common stock at the end of the period, including shares tied to unvested Common Units, are considered potentially dilutive shares of Class A common stock under the application of the if-converted method.
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