Earnings Per Share

3 Months Ended

Mar. 31, 2024

Basic net loss per share attributable to common stockholders is computed by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Because the Company has reported a net loss for the three months ended March 31, 2024 and 2023, the number of shares used to calculate diluted net loss per share attributable to common stockholders is the same as the number of shares used to calculate basic net loss per share attributable to common stockholders for the period presented because the potentially dilutive shares would have been anti-dilutive if included in the calculation.

The computation of basic and diluted net loss per share attributable to common stockholders is as follows for the three months ended March 31, 2024 and 2023:


	Three months ended March 31,
(in thousands, except shares and per share amounts)	2024		2023
Net loss	$	(11,433)	$	(16,963)
Weighted-average shares of common stock outstanding - basic and diluted	96,945,232		92,397,341
Net loss per common share - basic and diluted	$	(0.12)	$	(0.18)

For the three months ended March 31, 2024 and 2023, the following potential shares of common stock were excluded from diluted EPS as the Company had a net loss in each of the periods presented:


	As of March 31,
	2024	2023
Stock options	3,589,090	5,781,937
RSUs(1)	8,198,201	9,535,540
ESPP	103,610	190,971
Total anti-dilutive common share equivalents	11,890,901	15,508,448

(1) Revised to reflect an immaterial correction to a previously reported amount.