Reconciliation of net loss per common share |
The following table sets forth the computation of the Company’s basic and diluted net loss per share of common stock for the periods presented below (in thousands, except share and per share amount):
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Quarter Ended October 3, 2021 |
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Three Months Ended September 30, 2020 |
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39-Week Period Ended October 3, 2021 |
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Nine Months Ended September 30, 2020 |
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Numerator: |
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Net loss attributable to common stockholders - Basic |
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$ |
(10,838 |
) |
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$ |
(13,476 |
) |
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$ |
(41,306 |
) |
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$ |
(26,308 |
) |
Increase in fair value of Private Placement Warrants |
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(8,460 |
) |
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— |
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(8,460 |
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— |
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Net loss attributable to common stockholders - Diluted |
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$ |
(19,298 |
) |
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$ |
(13,476 |
) |
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$ |
(49,766 |
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$ |
(26,308 |
) |
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Denominator: |
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Weighted-average shares outstanding used in computing net loss per share of common stock, basic |
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133,492,216 |
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85,637,835 |
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109,317,614 |
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76,167,628 |
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Incremental common shares from assumed exercise of Private Placement Warrants |
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1,559,912 |
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— |
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536,926 |
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— |
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Weighted-average shares outstanding used in computing net loss per share of common stock, Diluted |
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135,052,128 |
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85,637,835 |
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109,854,540 |
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76,167,628 |
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Net loss per share of common stock: |
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Basic |
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$ |
(0.08 |
) |
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$ |
(0.16 |
) |
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$ |
(0.38 |
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$ |
(0.35 |
) |
Diluted |
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$ |
(0.14 |
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$ |
(0.16 |
) |
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$ |
(0.45 |
) |
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$ |
(0.35 |
) |
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Schedule of anti-dilutive securities excluded from computation of diluted earning per share |
As the Company reported losses for the periods presented, all of these potentially dilutive securities were anti-dilutive and are excluded in the computation of diluted net loss per share. Accordingly, the diluted net loss per share equals to the basic net loss per share.
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As of |
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October 3, 2021 |
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September 30, 2020 |
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Stock options outstanding |
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5,852,759 |
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1,098,663 |
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Restricted stock units |
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117,611 |
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— |
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Public Warrants |
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11,500,000 |
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— |
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