| Net Loss Per Share |
Note 14 – Net Loss Per Share The following table sets forth the computation of basic and diluted net loss per share: | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | (in thousands, except per share data) | | 2024 | | 2023 | | 2024 | | 2023 | Numerator | | | | | | | | | | | | | Net loss | | $ | (29,610) | | $ | (21,539) | | $ | (57,803) | | $ | (70,620) | Less: net loss attributable to redeemable noncontrolling interest | | | (19,233) | | | (14,513) | | | (37,593) | | | (50,518) | Net loss attributable to Class A common stockholders | | | (10,377) | | | (7,026) | | | (20,210) | | | (20,102) | Less: net loss attributable to participating securities | | | (70) | | | (59) | | | (137) | | | (183) | Net loss attributable to Class A common stockholders, basic and diluted | | $ | (10,307) | | $ | (6,967) | | $ | (20,073) | | $ | (19,919) | | | | | | | | | | | | | | Denominator | | | | | | | | | | | | | Weighted average common stock outstanding | | | 106,303 | | | 86,039 | | | 105,849 | | | 78,915 | Less: weighted average unvested Earnout Shares outstanding | | | (719) | | | (719) | | | (719) | | | (719) | Weighted average common stock outstanding, basic and diluted | | | 105,584 | | | 85,320 | | | 105,130 | | | 78,196 | | | | | | | | | | | | | | Net loss per share – basic and diluted | | $ | (0.10) | | $ | (0.08) | | $ | (0.19) | | $ | (0.25) |
The Company’s potentially dilutive securities consist of the Company’s Public Warrants, Private Placement Warrants, RSUs, stock options and unvested Earnout Shares. For the periods in which EPS is presented, the Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to Class A common stockholders since their impact would have been antidilutive: | | | | | | | Three and Six Months Ended | | | June 30, | (in thousands) | | 2024 | | 2023 | Public Warrants | | 14,949 | | 14,949 | Private Placement Warrants | | 3,149 | | 3,149 | RSUs | | 13,274 | | 7,050 | PSUs | | 1,558 | | — | Stock options | | 567 | | 1,380 | | | 33,497 | | 26,528 |
Additionally, 718,750 unvested Earnout Shares were excluded from the computation of diluted EPS because their vesting threshold (i.e., the $15.00 triggering event) had not yet been met as of June 30, 2024 and 2023. There were approximately 0.9 million shares of MSUs that were excluded from the computation of diluted EPS as their market vesting conditions had not yet been met as of June 30, 2024.
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