Net Loss Per Share

9 Months Ended

Sep. 30, 2022

NET LOSS PER SHAREBasic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of stock-based awards and warrants. Diluted net loss per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options, and unvested restricted common stock and stock units. As we had net losses for the nine months ended September 30, 2022 and 2021, all potential common shares were determined to be anti-dilutive.

The following table sets forth the computation of net loss per common share (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
Numerator:	2022		2021		2022		2021
Net loss	$	(22,893)	$	(43,587)	$	(77,902)	$	(121,931)
Denominator:
Weighted average common shares outstanding - basic and diluted	165,105		104,145		147,320		100,480
Net loss per share - basic and diluted	$	(0.14)	$	(0.42)	$	(0.53)	$	(1.21)

For the periods presented, all common stock equivalents are excluded from the computation of diluted loss per share, as the result would be anti-dilutive, including the following (in thousands):


	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Options to purchase common stock	13,882	11,962	13,410	12,127

Restricted stock units	1,542	983	3,145	999

ESPP shares issuable	180	273	169	241
Total	15,604	13,218	16,724	13,367