Net Loss Per Share

9 Months Ended

Sep. 30, 2020

11. Net Loss Per Share

Net loss per share

The following table sets forth the computation of the basic and diluted net loss per share for the three and nine months ended September 30, 2020 and 2019 (in thousands, except share and per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Numerator:
Net loss	$	(14,631	)	$	(9,971	)	$	(40,157	)	$	(29,781	)
Denominator:
Weighted average common shares outstanding		24,474,157			838,961			24,019,746			822,644
Less: weighted-average unvested restricted common stock subject to repurchase		—			(19,097	)		—			(45,451	)
Less: weighted-average unvested common shares subject to repurchase		(25,042	)		(16,635	)		(29,820	)		(35,482	)
Weighted-average shares used to compute net loss per share, basic and diluted		24,449,115			803,229			23,989,926			741,711
Net loss per share, basic and diluted	$	(0.60	)	$	(12.41	)	$	(1.67	)	$	(40.15	)

Potential dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

	As of September 30,
	2020		2019
Convertible preferred stock		—		104,803,325
Common stock options issued and outstanding		1,517,965		943,610
Estimated shares issuable under the employee stock purchase plan		39,830		—
RSUs subject to future vesting		56,500		—
Total		1,614,295		105,746,935