Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.21.2
Net Loss Per Share (Tables)
9 Months Ended
Oct. 03, 2021
Earnings Per Share [Abstract]  
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):

 

 

 

Quarter Ended October 3, 2021

 

 

Three Months Ended
September 30, 2020

 

 

39-Week Period Ended October 3, 2021

 

 

Nine Months Ended September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders - Basic

 

$

(10,838

)

 

$

(13,476

)

 

$

(41,306

)

 

$

(26,308

)

Increase in fair value of Private Placement Warrants

 

 

(8,460

)

 

 

 

 

 

(8,460

)

 

 

 

Net loss attributable to common stockholders - Diluted

 

$

(19,298

)

 

$

(13,476

)

 

$

(49,766

)

 

$

(26,308

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding used in computing net loss per share of common stock, basic

 

 

133,492,216

 

 

 

85,637,835

 

 

 

109,317,614

 

 

 

76,167,628

 

Incremental common shares from assumed exercise of Private Placement Warrants

 

 

1,559,912

 

 

 

 

 

 

536,926

 

 

 

 

Weighted-average shares outstanding used in computing net loss per share of common stock, Diluted

 

 

135,052,128

 

 

 

85,637,835

 

 

 

109,854,540

 

 

 

76,167,628

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share of common stock:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.08

)

 

$

(0.16

)

 

$

(0.38

)

 

$

(0.35

)

Diluted

 

$

(0.14

)

 

$

(0.16

)

 

$

(0.45

)

 

$

(0.35

)

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.

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

October 3,
2021

 

 

September 30,
2020

 

Stock options outstanding

 

 

 

 

 

 

5,852,759

 

 

 

1,098,663

 

Restricted stock units

 

 

 

 

 

 

117,611

 

 

 

 

Public Warrants

 

 

 

 

 

 

11,500,000