Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

v3.24.1.u1
Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schdeule of computation of net income (loss) per common share

The following table sets forth the computation of net income (loss) per share of Class A Common Stock for the three months ended March 31, 2024 and 2023:

 

 

Three Months Ended March 31,

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

Net income (loss)

$

7,075

 

 

$

(9,217

)

Accrual of dividends on preferred stock

 

 

 

 

(1,977

)

Net income (loss) attributable to common shareholders

$

7,075

 

 

$

(11,194

)

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted-average common shares outstanding - basic

 

10,526,417

 

 

 

8,652,218

 

Plus: dilutive effect of common stock equivalents

 

1,284,500

 

 

 

 

Weighted-average common shares outstanding - diluted

 

11,810,917

 

 

 

8,652,218

 

Net income (loss) per share attributable to common stockholders - basic

$

0.67

 

 

$

(1.29

)

Net income (loss) per share attributable to common stockholders - diluted

$

0.60

 

 

$

(1.29

)

Schdeule of potential common shares

The following potential shares of Class A Common Stock have been excluded from the computation of diluted net income (loss) per share for the three months ended March 31, 2024 and 2023:

 

 

March 31,

 

 

2024

 

 

2023

 

Conversion of convertible preferred stock

 

 

 

 

856,720

 

Warrants to purchase common stock

 

853,330

 

 

 

853,330

 

PSUs, RSUs and options to purchase common stock

 

353,420

 

 

 

2,638,264

 

Right to receive Earnout Shares

 

583,333

 

 

 

583,333

 

Total common stock equivalents

 

1,790,083

 

 

 

4,931,647