Canoo Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Loss per Share

Net Loss per Share

12 Months Ended

Dec. 31, 2022

For all periods presented, the shares included in computing basic net loss per share exclude restricted shares and shares issued upon the early exercise of share options where the vesting conditions have not been satisfied.

Diluted net income per share adjusts basic net income per share for the impact of potential Common Stock shares. As the Company has reported net losses for all periods presented, all potential Common Stock shares are antidilutive, and accordingly, basic net loss per share equals diluted net loss per share.

Net loss per share is presented in conformity with the two-class method required for participating securities. The following table presents the outstanding potentially dilutive shares that have been excluded from the computation of diluted net loss per share, because including them would have an anti-dilutive effect (in thousands):


	December 31,
	2022	2021
Convertible debt (Note 9)	46,988	—
Restricted and performance stock units	31,412	24,855
Warrants to purchase Common Stock (Note 16)	29,605	—
Restricted Common Stock shares	2,842	3,552
Early exercise of unvested stock options	593	2,500
Options to purchase Common Stock	195	265