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Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Share

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

 

 

 

Three Months Ended
March 31,

 

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(18,192

)

 

$

(11,880

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

52,275,451

 

 

 

42,690,767

 

Less: weighted-average unvested restricted common stock subject to repurchase

 

 

 

 

 

(3,274

)

Less: weighted-average unvested common stock issued upon early exercise of common stock options

 

 

(46,517

)

 

 

(292,870

)

Weighted-average shares used to compute net loss per common share, basic and diluted

 

 

52,228,934

 

 

 

42,394,623

 

Net loss per share, basic and diluted

 

$

(0.35

)

 

$

(0.28

)

Schedule of Potentially Dilutive Securities Including All Outstanding Stock Options were excluded in Calculation of Diluted Shares Outstanding

The following table sets forth the outstanding potentially dilutive securities that have been excluded from the calculation of diluted net loss per share because their inclusion would be anti-dilutive.

 

 

 

As of March 31,

 

 

 

2024

 

 

2023

 

Unvested restricted common stock subject to repurchase

 

 

 

 

 

3,175

 

Unvested common stock upon early exercise of stock options

 

 

46,517

 

 

 

225,581

 

Options to purchase common stock

 

 

8,347,499

 

 

 

6,126,093

 

Estimated shares purchasable under the ESPP

 

 

2,913

 

 

 

3,133

 

 

 

8,396,929

 

 

 

6,357,982