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

3. Net Loss Per Share

The following tables summarize the computation of the basic and diluted net loss per share (in thousands except share and per share data):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(33,287

)

 

$

(26,923

)

 

$

(64,102

)

 

$

(52,910

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

48,970,457

 

 

 

43,844,869

 

 

 

48,946,131

 

 

 

38,452,511

 

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

 

 

(66

)

 

 

(3,477

)

 

 

(113

)

 

 

(5,555

)

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

 

 

48,970,391

 

 

 

43,841,392

 

 

 

48,946,018

 

 

 

38,446,956

 

Net loss per share, basic and diluted

 

$

(0.68

)

 

$

(0.61

)

 

$

(1.31

)

 

$

(1.38

)

 

The following table summarizes the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive:

 

 

 

As of June 30,

 

 

 

2023

 

 

2022

 

Common stock options

 

 

6,757,829

 

 

 

5,257,754

 

Restricted stock units

 

 

716,956

 

 

 

320,278

 

Unvested common stock upon early exercise of common stock
   options

 

 

 

 

 

2,475

 

 

 

7,474,785

 

 

 

5,580,507