Net Loss Per Share Attributable to Common Stockholders

9 Months Ended

Sep. 30, 2024

Net Loss Per Share Attributable to Common Stockholders

11. Net Loss Per Share Attributable to Common Stockholders

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Numerator:
Net loss and comprehensive loss	$	(20,405	)	$	(11,768	)	$	(56,241	)	$	(32,052	)
Deemed dividend on redeemable convertible preferred stock issuances		—			(410	)		—			(410	)
Cumulative redeemable convertible preferred stock dividends		—			(5,336	)		—			(12,846	)
Net loss attributable to common stockholders	$	(20,405	)	$	(17,514	)	$	(56,241	)	$	(45,308	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		67,143,744			4,383,131			60,311,003			4,053,341
Net loss per share attributable to common stockholders, basic and diluted	$	(0.30	)	$	(4.00	)	$	(0.93	)	$	(11.18	)

The Company’s potentially dilutive securities, which include redeemable convertible preferred stock and stock options, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Basic and diluted net loss per share attributable to common stockholders is computed in conformity with the two-class method required for participating securities. The Company considers all series of its redeemable convertible preferred stock to be participating securities as the holders of such stock have the right to receive dividends on a pari passu basis in the event that a dividend is paid on common stock. Under the two-class method, the net loss attributable to common stockholders is not allocated to the redeemable convertible preferred stock as the preferred stockholders do not have a contractual obligation to share in the Company’s losses.

The Company excluded the following from the computation of diluted net loss per share attributable to common stockholders at September 30, 2024 and 2023 because including them would have had an anti-dilutive effect:


	September 30,
	2024		2023
Stock options outstanding		5,203,163		4,691,982
Total		5,203,163		4,691,982