Net Loss per Common Share

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and 2022 were (in thousands, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Numerator
Net loss attributable to common stockholders	$	(13,356	)	$	(15,824	)	$	(32,058	)	$	(31,410	)

Denominator
Weighted-average shares outstanding used in computing net loss per share, basic and diluted		78,506			39,239			78,138			35,177
Net loss per share, basic and diluted	$	(0.17	)	$	(0.40	)	$	(0.41	)	$	(0.89	)

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Options to purchase common stock		3,912		3,474		3,912		3,474
Shares committed under ESPP		95		44		95		44
Warrants		5,603		103		5,603		103
Restricted stock units		2,954		1,475		2,954		1,475
Total		12,564		5,096		12,564		5,096