Annual report pursuant to Section 13 and 15(d)

Loss Per Common Shares (Tables)

v3.22.2.2
Loss Per Common Shares (Tables)
12 Months Ended
May 31, 2022
Earnings Per Share [Abstract]  
Schedule of reconciliation of the numerators and denominators of the basic and diluted net loss per share

Years ended May 31,

(in thousands, except per share amounts)

2022

2021

2020

(Restated) (1)

(Revised) (1)

Net loss

$

(210,820)

$

(176,465)

$

(139,936)

Less: Accrued preferred stock dividends

(1,628)

(1,687)

(708)

Net loss applicable to common stockholders

$

(212,448)

$

(178,152)

$

(140,644)

Basic and diluted weighted average common shares outstanding

676,900

587,590

421,078

Basic and diluted loss per share

$

(0.31)

$

(0.30)

$

(0.33)

(1) See Note 2, Revision of Financial Statements, and Note 14, Restatement.
Schedule of securities excluded from computation of earnings per share

As of May 31,

(in thousands)

2022

2021

2020

Stock options, warrants, and unvested restricted stock units

106,002

82,386

131,361

Convertible notes

12,000

18,000

3,864

Convertible preferred stock

32,535

33,008

30,130