Rodgers Silicon Valley Acquisition Corp. Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

Net Earnings (Loss) Per Share (Tables)

Net Earnings (Loss) Per Share (Tables)

3 Months Ended

12 Months Ended

Apr. 03, 2022

Jan. 02, 2022

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 EPS of common stock for the periods presented below (in thousands, except share and per share amount):


	For the Quarters Ended
	April 3, 2022			March 31, 2021
Numerator:
Net income (loss) attributable to common stockholders — basic	$	42,707		$	(16,165	)
Increase in fair value of Private Placement Warrants		(67,800	)		—

Net loss attributable to common stockholders — Diluted	$	(25,093	)	$	(16,165	)

Denominator:
Weighted-average shares outstanding used in computing net income (loss) per share of common stock, basic		151,648,439			95,816,889
Dilutive effect of Private Placement Warrants		1,690,023			—

Weighted-average shares outstanding used in computing net loss per share of common stock, diluted		153,338,462			95,816,889

Net income (loss) per share of common stock:
Basic	$	0.28		$	(0.17	)
Diluted	$	(0.16	)	$	(0.17	)

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
	2021			2020
Numerator:
Net loss attributable to common stockholders — basic and diluted	$	(125,874	)	$	(39,650	)
Denominator:
Weighted-average shares outstanding used in computing net loss per share of common stock, basic and diluted		117,218,893			80,367,324
Net loss per share of common stock:
Basic and diluted	$	(1.07	)	$	(0.49	)

Schedule of anti-dilutive securities excluded from computation of diluted earning per share

As the Company reported net loss for the quarter ended March 31, 2021, all of these potentially dilutive securities were anti-dilutive.


	April 3, 2022		March 31, 2021
Stock options outstanding		5,536,905		730,176
Restricted stock units outstanding		917,079		—
Employee stock purchase plan estimated shares		78,198		—

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, 2022		December 31, 2020
Stock options outstanding		5,753,005		1,428,980
Restricted stock units		535,449		—
Private Placement Warrants		6,000,000		—
Public Warrants		4,322,106		—
Employee stock purchase plan estimated shares		47,379		—