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Loss Per Common Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Loss Per Common Share

4. Loss Per Common Share

Diluted loss per common share is the same as basic loss per common share for all periods presented because the effects of potentially dilutive items were anti-dilutive given the Company’s net loss.

The following common share equivalent securities have been excluded from the calculation of weighted average common shares outstanding because the effect is anti-dilutive for the periods presented:

 

 

Three Months Ended March 31,

 

Anti-Dilutive Common Share Equivalents

 

2023

 

 

2022

 

Stock options

 

 

8,755,890

 

 

 

7,732,126

 

Restricted stock units

 

 

11,592,608

 

 

 

8,201,696

 

Employee stock purchase plan

 

 

168,769

 

 

 

89,442

 

Total anti-dilutive common share equivalents

 

 

20,517,267

 

 

 

16,023,264

 

 

Basic and diluted net loss per common share is calculated as follows:

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(15,990

)

 

$

(25,147

)

Net loss attributable to common stockholders

 

$

(15,990

)

 

$

(25,147

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

199,900,920

 

 

 

197,017,555

 

Net loss per common share, basic and diluted

 

$

(0.08

)

 

$

(0.13

)