Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Common Share

Net Loss per Common Share

3 Months Ended

Mar. 31, 2022

Basic and diluted net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding. Since the Company was in a loss position for all periods presented, diluted net loss per share is the same as basic net loss per share. The numerator and denominator used in the calculation of basic and diluted net loss per common share are as follows:


	Three months ended March 31,
(in thousands, except per share data)	2022		2021
Net loss	$	(37,630)	$	(50,379)
Weighted average common shares outstanding	141,675		127,401
Net loss per common share (expressed in $ per share)	$	(0.27)	$	(0.40)

The Company did not include the securities in the following table in the computation of the net loss per common share because the effect would have been anti-dilutive during each period:


	Three months ended March 31,
(in thousands)	2022	2021
Stock options	14,649	14,332
Unvested performance awards	—	439
Unvested restricted units	1,952	—
Warrants	—	1,014
	16,601	15,785