General form of registration statement for all companies including face-amount certificate companies

Net Loss per Share

v3.21.2
Net Loss per Share
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Evolv Technologies Holdings, Inc.    
Net Loss per Share

14. Net Loss per Share

asic and diluted net loss per share attributable to common stockholders was calculated as follows (in thousands, except share and per share amounts):

    

Three Months Ended

Six Months Ended

June 30,

June 30,

2021

    

2020

    

2021

    

2020

Numerator:

 

  

  

Net loss attributable to common stockholders – basic and diluted

$

(22,371)

$

(5,104)

$

(36,126)

$

(11,534)

Denominator:

 

 

 

 

Weighted average common shares outstanding–basic and diluted

 

31,540,397

 

23,568,291

 

29,593,131

 

23,491,518

Net loss per share attributable common stockholders–basic and diluted

$

(0.71)

$

(0.22)

$

(1.22)

$

(0.49)

The Company’s potentially dilutive securities, which include stock options, convertible preferred stock, preferred and common stock warrants and convertible notes have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common

shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

    

Six Months Ended

June 30,

2021

    

2020

Options to purchase common stock

 

57,173,375

28,348,557

Warrants to purchase common stock

 

2,789,589

1,440,991

Convertible preferred stock (as converted to common stock)

 

213,951,905

213,951,905

Warrants to purchase preferred stock (as converted to warrants to purchase common stock)

 

2,686,246

2,686,246

Unvested restricted stock units

 

765,000

Convertible notes (as converted to common stock)

 

10,028,000

*

 

287,394,115

246,427,699

*Conversion feature is only triggered upon the closing of a Qualified Financing Event

13.     Net Loss per Share

Basic and diluted net loss per share attributable to common stockholders was calculated as follows (in thousands, except share and per share amounts):

Year Ended December 31, 

    

2020

    

2019

Numerator:

 

  

 

  

Net loss attributable to common stockholders – basic and diluted

$

(27,392)

$

(19,857)

 

  

 

  

Denominator:

 

  

 

  

Weighted average common shares outstanding – basic and diluted

 

23,625,483

 

22,655,763

Net loss per share attributable common stockholders – basic and diluted

$

(1.16)

$

(0.88)

The Company’s potentially dilutive securities, which include stock options, convertible preferred stock, preferred and common stock warrants and convertible notes have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

Year Ended December 31, 

    

2020

    

2019

Options to purchase common stock

 

49,679,554

 

29,488,684

Warrants to purchase common stock

 

2,440,991

 

700,000

Convertible preferred stock (as converted to common stock)

 

213,951,905

 

205,465,730

Warrants to purchase preferred stock (as converted to warrants to purchase common stock)

 

2,686,246

 

2,686,246

Convertible notes (as converted to common stock)

 

16,289,000

 

 

285,047,696

 

238,340,660