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Net Loss Per Share Attributable to Common Stockholders
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

8. Net Loss Per Share Attributable to Common Stockholders

The following table shows the computation of basic and diluted net loss per share (in thousands, except share and per share data):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net loss

 

$

(9,682

)

 

$

(9,615

)

 

$

(37,482

)

 

$

(36,935

)

Accretion of redeemable convertible preferred stock to redemption value and cumulative preferred stock dividends

 

 

 

 

 

(1,322

)

 

 

 

 

 

(4,548

)

Net loss attributable to common stockholders

 

 

(9,682

)

 

 

(10,937

)

 

 

(37,482

)

 

 

(41,483

)

Weighted-average common shares used to compute net loss per share attributable to common stockholders, basic and diluted

 

 

26,336,029

 

 

 

15,585,611

 

 

 

26,290,868

 

 

 

7,554,300

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(0.37

)

 

$

(0.70

)

 

$

(1.43

)

 

$

(5.49

)

 

All outstanding shares of redeemable convertible preferred stock were converted on a 1-for-1 basis to shares of common stock on August 12, 2021, the date of the Company's IPO (see Note 1). The cumulative preferred stock dividend was therefore eliminated upon conversion of the redeemable convertible preferred stock.

The following outstanding shares of potentially dilutive securities were excluded from the computation of the diluted net loss per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive:

 

 

 

Three and Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

Common stock options

 

 

4,533,421

 

 

 

2,737,315

 

Unvested restricted stock awards

 

 

219,310

 

 

 

348,639

 

Total potentially dilutive shares

 

 

4,752,731

 

 

 

3,085,954