Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

Net Loss Per Share
12 Months Ended
Jan. 02, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 12. Net Loss per Share

The Company computes net loss per share of common stock using the two-class method. As the Company has reported losses for all periods presented, all potentially dilutive securities are antidilutive and accordingly, diluted net loss per share of common stock is the same as basic net loss per share of common stock. In connection with the Business Combination, shares of the Company's common stock and all potentially dilutive securities have been retroactively adjusted based on the exchange ratio established in the Business Combination. Please refer to Note 3 “Business Combination” for further details of the Business Combination.

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):




Fiscal Years























Net loss attributable to common stockholders - basic and diluted























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
















Net loss per share of common stock:







Basic and diluted










The following table discloses shares of the securities as of January 2, 2022 and December 31, 2020 that could potentially have a dilutive effect to the basic earnings per share of common stock in the future. 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




January 2,



December 31,


Stock options outstanding









Restricted stock units








Private Placement Warrants








Public Warrants








Employee stock purchase plan estimated shares