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NET LOSS PER SHARE
 6 Months Ended
Jun. 30, 2023
NET LOSS PER SHARE  
NET LOSS PER SHARE

NOTE 6  NET LOSS PER SHARE

Basic net loss per common share is calculated by dividing the net loss by the weighted-average number of common shares outstanding during the period, without consideration of potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss by the weighted-average number of common shares and potentially dilutive securities outstanding for the period. For purposes of the diluted net loss per share calculation, the convertible preferred stock and common stock options are considered to be potentially dilutive securities. Basic and diluted net loss per share is presented in conformity with the two-class method required for participating securities as the convertible preferred stock is considered a participating security. The Company’s participating securities do not have a contractual obligation to share in the Company’s losses. As such, the net loss was attributed entirely to common stockholders. As the Company has reported a net loss for all periods presented, diluted net loss per common share is the same as basic net loss per common share for those periods.

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

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​

​

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​

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​

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​

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​

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Three months ended June 30, 

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Six Months Ended June 30, 

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2023

   

2022

​

2023

    

2022

Numerator

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​

​

​

​

​

​

​

​

​

​

​

Net loss

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$

(21,469)

​

$

(16,067)

​

$

(44,307)

 

$

(30,727)

Denominator

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​

​

 

​

​

 

​

​

 

​

Weighted-average shares outstanding used in computing net loss per share, basic and diluted

​

​

63,380,430

​

​

49,622,752

​

​

63,323,509

​

​

49,583,886

Net loss per share, basic and diluted

​

$

(0.34)

​

$

(0.32)

​

$

(0.70)

​

$

(0.62)

​

The following weighted average outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended June 30, 

​

Six Months Ended June 30, 

​

    

2023

   

2022

​

2023

    

2022

Options to purchase common stock

​

​

12,418,932

​

​

9,023,773

​

​

12,322,736

​

​

9,056,687

Unvested restricted stock units

​

​

208,510

​

​

176,724

​

​

237,879

​

​

88,850

Total

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​

12,627,442

​

​

9,200,497

​

​

12,560,615

​

​

9,145,537

​