| Schedule of Basic and Diluted Net Income (Loss) Per Share |
Basic and diluted net income (loss) per share attributable to common stockholders are calculated as follows (in thousands, except share and per share amounts):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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| Net income (loss) |
$ |
3,462 |
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$ |
(66,754) |
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$ |
(8,182) |
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$ |
(95,363) |
| Reallocation of net income attributable to participating securities |
(41) |
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— |
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— |
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— |
| Net income (loss) attributable to common stockholders – basic and diluted |
$ |
3,421 |
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$ |
(66,754) |
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$ |
(8,182) |
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$ |
(95,363) |
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| Denominator: |
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| Weighted average common shares outstanding – basic |
156,473,080 |
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148,882,160 |
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154,774,899 |
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147,664,534 |
| Weighted average effect of potentially dilutive securities: |
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| Stock options |
13,047,919 |
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— |
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— |
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— |
| Restricted stock units |
1,940,411 |
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— |
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— |
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— |
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| Finback Common Stock Warrants |
102,533 |
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— |
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— |
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— |
| Total potentially dilutive securities |
15,090,863 |
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— |
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— |
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| Weighted average common shares outstanding – diluted |
171,563,943 |
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148,882,160 |
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154,774,899 |
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147,664,534 |
| Net income (loss) per share attributable to common stockholders - basic |
$ |
0.02 |
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$ |
(0.45) |
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$ |
(0.05) |
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$ |
(0.65) |
| Net income (loss) per share attributable to common stockholders - diluted |
$ |
0.02 |
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$ |
(0.45) |
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$ |
(0.05) |
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$ |
(0.65) |
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| Schedule of Potential Common Shares Excluded from the Computation of Diluted Net Loss Per Share |
The following potentially dilutive outstanding securities were excluded from the computation of diluted net income (loss) per share attributable to common stockholders because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
| Options issued and outstanding |
7,237,746 |
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22,340,997 |
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21,681,791 |
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22,340,997 |
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| Public Warrants to purchase common stock |
14,324,893 |
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14,324,893 |
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14,324,893 |
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14,324,893 |
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| Warrants to purchase common stock (Finback) |
— |
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1,590,984 |
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117,423 |
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1,590,984 |
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| Unvested restricted stock units |
8,843,186 |
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12,451,740 |
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16,117,388 |
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12,451,740 |
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| Unvested performance stock units |
— |
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407,000 |
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— |
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407,000 |
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| Earn-out shares* |
15,000,000 |
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15,000,000 |
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15,000,000 |
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15,000,000 |
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| Contingently issuable common stock* |
1,897,500 |
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1,897,500 |
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1,897,500 |
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1,897,500 |
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47,303,325 |
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68,013,114 |
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69,138,995 |
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68,013,114 |
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*Issuance of Earn-out shares and Contingently issuable common stock is contingent upon the satisfaction of certain conditions, which were not satisfied by the end of the period
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