Basic and Diluted Net Loss per Share

3 Months Ended

Mar. 31, 2022

The following tables set forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2022		2021
Numerator:
Net loss attributable to common stockholders	$	(15,763)	$	(8,409)
Denominator:
Weighted average common shares outstanding	124,418,580		33,069,513
Less: Weighted-average unvested restricted shares and shares subject to repurchase	—		(69,633)
Weighted average shares used in computing net loss per share attributable to common stockholders, basic and diluted	124,418,580		32,999,880
Net loss per share attributable to common stockholders, basic and diluted:	$	(0.13)	$	(0.25)

As a result of the Business Combination, the Company has retroactively adjusted the weighted-average number of shares of Common Stock outstanding prior to the Closing Date by multiplying them by the Exchange Ratio of 3.6281 used to determine the number of shares of New Nautilus Common Stock into which they converted (as described in Note 3). The Common Stock issued as a result of the redeemable convertible preferred stock conversion on the Closing Date was included in the basic net loss per share calculation on a prospective basis.

The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have had an antidilutive effect were as follows:


	Three Months Ended March 31,
		2022	2021
Options to purchase common stock		9,971,247	7,193,881
Employee stock purchase plan		56,470	—
Convertible preferred stock (on an as-converted basis)		—	52,175,965

Common stock warrants		—	63,491
Total potentially dilutive common share equivalents		10,027,717	59,433,337