v3.23.1
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss per Share The following table presents the Company’s basic and diluted net income (loss) per share:
 
    
Twelve Months Ended
December 31,
  
(In thousands, except share and per share amounts)
   
2022
     
2021
  
Numerator: Basic EPS
                  
Net (loss) income
    $ (52,726 )     $ (65 ) 
Less: Undistributed earnings attributable to participating securities
      —          —    
    
 
 
     
 
 
  
Net (loss) income attributable to common stockholders-basic
    $ (52,726 )     $ (65 ) 
    
 
 
     
 
 
  
Denominator: Basic EPS
                  
Weighted average shares of common stock outstanding-basic
      49,041,640        39,621,946  
Net (loss) income per share attributable to common stock-basic
    $ (1.08 )     $ (0.00 ) 
    
 
 
     
 
 
  
 
 
   
Twelve Months Ended
December 31,
  
(In thousands, except share and per share amounts)
  
2022
    
2021
  
Numerator: Diluted EPS
                
Net income (loss) attributable to common stockholders-diluted
   $ (52,726 )    $ (65 ) 
Denominator: Diluted EPS
                
Adjusted weighted average shares of common stock outstanding-basic
     49,041,640       39,621,946  
Dilutive potential shares of common stock:
                
Options to purchase shares of common stock
     —         728,284  
Warrants to purchase shares of common stock
     —         546,049  
   
 
 
    
 
 
  
Weighted average shares of common stock outstanding-diluted
     49,041,640       40,896,279  
   
 
 
    
 
 
  
Net income (loss) per share attributable to common stock-diluted
   $ (1.08 )    $ (0.00 ) 
   
 
 
    
 
 
  
Summary Of Antidilutive Securities Excluded From Computation Of Earnings Per Share
The Company’s potentially dilutive securities below, have been excluded from the computation of diluted net loss per share as they would be anti-dilutive.
Weighted-average number of potentially anti-dilutive shares excluded from calculation of dilutive earnings per share
 
    
Twelve Months Ended
December 31,
  
    
2022
     
2021
  
Series A convertible, redeemable preferred shares
      5,780,137        8,864,495  
Series B convertible, redeemable preferred shares
      4,130,213        6,334,150  
Stock-based compensation awards
      2,419,681        —    
Legacy Nogin Warrants
      572,779        —    
PIPE Warrants
      485,877        —    
SWAG Warrants
      7,441,396        —    
Shares Underlying Convertible Notes
      1,981,776        —