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Net Loss Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share

9. Net Loss Per Share

Basic net loss per share of common stock is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. The following table sets forth the computation of basic and diluted net loss per share attributable to common shareholders:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

(in thousands, except share and per share amounts)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(31,950

)

 

$

(53,251

)

 

$

(70,522

)

 

$

(92,182

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

70,554,718

 

 

 

58,556,529

 

 

 

66,192,348

 

 

 

58,100,261

 

Net loss per share, basic and diluted

 

$

(0.45

)

 

$

(0.91

)

 

$

(1.07

)

 

$

(1.59

)

The table below provides potentially dilutive securities not included in the calculation of the diluted net loss per share (in common stock equivalent shares) at June 30, 2024 and 2023, because to do so would be anti-dilutive:

 

 

 

June 30,

 

 

 

2024

 

 

2023

 

Shares issuable upon exercise of stock options

 

 

10,793,201

 

 

 

9,030,712

 

Unvested restricted stock units

 

 

444,718

 

 

 

755,425

 

Unvested restricted stock awards

 

 

 

 

 

29,119

 

Shares purchasable under the 2021 Employee Stock Purchase Plan

 

 

56,879

 

 

 

13,781

 

Total

 

 

11,294,798

 

 

 

9,829,037