Net Loss per Share

6 Months Ended

Jun. 30, 2024

Note 13. Net Loss per Share

Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net loss attributable to common stockholders is computed by adjusting net loss attributable to common stockholders to reallocate undistributed earnings based on the potential impact of dilutive securities. Diluted net loss per share attributable to common stockholders is computed by dividing the diluted net loss attributable to common stockholders by the weighted-average number of common shares outstanding, including all potentially dilutive common shares, if the effect of such shares is dilutive.

In periods in which the Company reports a net loss attributable to common stockholders, diluted net loss per share attributable to common stockholders is the same as basic net loss per share attributable to common stockholders, since dilutive common shares are not assumed to have been issued if their effect is anti-dilutive. The Company reported a net loss attributable to common stockholders for the three and six months ended June 30, 2024 and 2023; accordingly, basic net loss per share attributable to common stockholders was the same as diluted net loss per share attributable to common stockholders.

The rights, including the liquidation and dividend rights, of the voting and non-voting common stock are identical, except with respect to voting rights. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net loss per share attributable to common stockholders are, therefore, the same for both voting and non-voting common stock on both individual and combined basis.

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Numerator:
Net loss	$	(13,880	)	$	(16,813	)	$	(20,097	)	$	(20,496	)
Net loss attributable to common stockholders - basic and diluted	$	(13,880	)	$	(16,813	)	$	(20,097	)	$	(20,496	)
Denominator:
Weighted average common shares outstanding - basic and diluted		124,562,015			111,133,221			123,859,762			110,464,092
Net loss per share attributable to common stockholders - basic and diluted	$	(0.11	)	$	(0.15	)	$	(0.16	)	$	(0.19	)

Outstanding potentially dilutive securities, which were excluded from the diluted net loss per share calculations because they would have been antidilutive were as follows as of the dates presented:


	June 30,
	2024		2023
Unvested restricted stock units		6,327,473		4,518,964
Stock options to purchase common stock		6,750,469		10,430,580
		13,077,942		14,949,544