NET LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Computation of Basic and Diluted Net Loss per Share

The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders for the three and six months ended June 30, 2024 and 2023:


(in thousands, except share and per share data)	Three Months Ended June 30, 2024				Six Months Ended June 30,
	2024		2023		2024				2023
Numerator:
Net loss	$	(25,512)	$	(14,608)	$	(44,970)			$	(27,523)
Cumulative dividends allocated to preferred stockholders	(3,937)		(2,686)		(7,742)				(5,164)
Net loss attributable to common stockholders, basic and diluted	$	(29,449)	$	(17,294)	$	(52,712)	$	—	$	(32,687)
Denominator:
Weighted average shares outstanding, basic and diluted	80,722,160		77,197,805		79,595,320				76,774,455
Basic and diluted net loss per share	$	(0.36)	$	(0.22)	$	(0.66)			$	(0.43)

Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share

The following table presents the potential common shares outstanding that were excluded from the computation of diluted net loss per share of common stock as of the periods presented because including them would be anti-dilutive:


	June 30,
	2024	2023
Common stock warrants	1,677,000	1,507,500
Outstanding earn-out shares	8,913,333	7,780,000
Consolid earn-out shares	400,000	400,000
Skypass earn-out shares	1,800,000	—
Purplegrids earn-out shares	2,542,857	—
Restricted stock units	2,923,802	536,906
ESPP shares	—	556
Potential common shares excluded from diluted net loss per share	18,256,992	10,224,962