NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2023

14. NET LOSS PER SHARE

The following table sets forth the computation of basic and diluted net loss per common share for the periods indicated (in thousands, except per share data):


	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Numerator:
Net loss	$	(63,049)	$	(36,995)	$	(146,849)	$	(19,725)

Less: Preferred stock dividends—issued	—		—		—		1,697
Undistributed loss	(63,049)		(36,995)		(146,849)		(21,422)
Less: Undistributed loss allocated to participating securities	—		—		—		(1,227)
Net loss attributable to common stockholders	$	(63,049)	$	(36,995)	$	(146,849)	$	(20,195)






Denominator:
Weighted average shares of common stock outstanding—basic	45,225		45,708		45,164		43,954
Effect of dilutive securities:
Restricted stock awards	—		—		—		—
Weighted average shares of common stock outstanding—diluted	45,225		45,708		45,164		43,954







Net loss per share of common stock:
Basic	$	(1.39)	$	(0.81)	$	(3.25)	$	(0.46)
Diluted	$	(1.39)	$	(0.81)	$	(3.25)	$	(0.46)

The following shares were excluded from the calculation of diluted shares outstanding as their effect would have been anti-dilutive (in thousands):


	Three months ended September 30,		Nine months ended September 30,
	2023	2022	2023	2022
Restricted stock units	1,366	833	1,366	833
Employee stock purchase plan	170	95	170	95