Net Loss per Common Share

3 Months Ended

Mar. 31, 2023

Note 11 – Net Loss per Common Share

Basic net loss per share excludes dilution and is computed by dividing net loss attributable to the common stockholders by the weighted-average shares outstanding during the period. Diluted net loss per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, resulting in the issuance of shares of common stock that would then share in the earnings or losses of the Company.

Basic and diluted loss per share for the three months ended March 31, 2023 and 2022 were (in thousands, except per share amounts):


	Three Months Ended March 31,
	2023			2022
Numerator
Net loss attributable to common stockholders	$	(18,702	)	$	(15,586	)

Denominator
Weighted-average shares outstanding used in computing net loss per share, basic and diluted		77,765			31,070
Net loss per share, basic and diluted	$	(0.24	)	$	(0.50	)

The following outstanding common stock equivalents were excluded from diluted net loss attributable to common stockholders for the periods presented because inclusion would be anti-dilutive (in thousands):


	Three Months Ended March 31,
	2023		2022
Options to purchase common stock		4,204		3,539
Shares committed under ESPP		16		12
Warrants		5,103		103
Restricted stock units		3,305		1,041
Total		12,628		4,695