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Net Loss Per Share
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Net Loss Per Share

7. Net Loss per Share

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

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(in thousands, except share and per share data)

 

Net loss

 

$

(98,505

)

 

$

(76,788

)

 

$

(192,744

)

 

$

(138,834

)

Net loss per share, basic and diluted

 

$

(0.81

)

 

$

(0.71

)

 

$

(1.59

)

 

$

(1.28

)

Weighted average shares of common stock, basic and diluted

 

 

121,680,844

 

 

 

108,644,329

 

 

 

121,501,849

 

 

 

108,469,760

 

The Company excluded the following potentially dilutive securities, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the three and six months ended June 30, 2023 and 2022, as the effect would be anti-dilutive and reduce the net loss per share calculated for each period. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same.

 

 

Three and Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

Options to purchase common stock

 

 

15,919,958

 

 

 

11,526,322

 

Unvested restricted stock units

 

 

3,898,965

 

 

 

1,681,891

 

 

 

 

19,818,923

 

 

 

13,208,213