Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.23.1
NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
NET LOSS PER SHARE NET LOSS PER SHARE
Presented in the table below is a reconciliation of the numerator and denominator for the basic and diluted earnings per share (“EPS”) calculations for the periods ended:
Three Months Ended
March 31,
(In thousands, USD, except share and per share amounts) 2023 2022
Numerator:
Net loss $ (18,490) $ (11,572)
Denominator:    
Weighted average common shares outstanding    
Basic (in number) 76,524,735  74,040,261 
Diluted (in number) 76,524,735  74,040,261 
Net loss per unit    
Basic $ (0.24) $ (0.16)
Diluted $ (0.24) $ (0.16)
The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:
Three Months Ended
(Number of shares) March 31,
2023 2022
Common stock issued under the Backstop Agreement 9,600,031  9,600,031 
Restricted stock grants with only service conditions 4,529,117  3,108,277 
Private placement warrants 272,779  272,779