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Net Loss Per Share
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Net loss per share

10. Net loss per share

The following table summarizes the computation of basic and diluted net loss per share of the Company:

 

 

 

Year ended December 31,

 

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(101,067

)

 

$

(85,805

)

Denominator:

 

 

 

 

 

 

 

 

Weighted-average number of common shares, basic

   and diluted

 

 

38,897,442

 

 

 

36,739,269

 

Net loss per share, basic and diluted

 

$

(2.60

)

 

$

(2.34

)

 

The Company’s potential dilutive securities, which include common stock options and ESPP purchase rights, have been excluded from the computation of diluted net loss per share as the effect would be anti-dilutive. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same.

The Company excluded the following potential common shares, presented based on amounts outstanding at period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

Outstanding options to purchase common stock

 

 

8,274,647

 

 

 

5,435,304