Net Loss Per Share

3 Months Ended

Sep. 30, 2023

Note 13. Net Loss Per Share

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is calculated by giving effect to all potentially dilutive securities outstanding for the period using the treasury stock method.

The following table sets forth the computation of basic and diluted net loss per share for the periods presented (in thousands, except per share data):


	Three Months Ended September 30,
	2023			2022
Numerator:
Net loss	$	(15,321	)	$	(20,054	)
Denominator:
Weighted-average shares used to compute net loss per share - basic and diluted		68,937			62,864
Net loss per share - basic and diluted	$	(0.22	)	$	(0.32	)

Basic net loss per share is the same as diluted net loss per share because the Company reported net losses for all periods presented. The Company excluded the following potential shares of common stock from the calculation of diluted net loss per share because their effect would be anti-dilutive (in thousands):


	As of September 30,
	2023		2022
Outstanding stock options to purchase common stock		9,839		12,569
Unvested performance stock units and restricted stock units		7,325		6,768
Shares issuable under employee stock purchase plan		57		71
Shares issuable related to acquisition		68		—
Total		17,289		19,408