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Net Loss Per Share
 6 Months Ended
Jun. 30, 2025
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,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(22,977

)

 

$

(24,993

)

 

$

(54,960

)

 

$

(54,511

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

70,977,594

 

 

 

70,494,492

 

 

 

70,947,189

 

 

 

60,506,061

 

Add: weighted average of common stock
   to be issued upon exercise of pre-funded warrants

 

 

3,000,031

 

 

 

3,000,031

 

 

 

3,000,031

 

 

 

1,582,434

 

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

 

 

73,977,625

 

 

 

73,494,523

 

 

 

73,947,220

 

 

 

62,088,495

 

Net loss per share, basic and diluted

 

$

(0.31

)

 

$

(0.34

)

 

$

(0.74

)

 

$

(0.88

)

 

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 antidilutive:

 

 

 

As of June 30,

 

 

 

2025

 

 

2024

 

Common stock options

 

 

11,375,749

 

 

 

8,420,275

 

Restricted stock units

 

 

832,299

 

 

 

1,191,529

 

 

 

12,208,048

 

 

 

9,611,804