Net Loss per Common Share

9 Months Ended

Sep. 30, 2024

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 nine months ended September 30, 2024 and 2023 were (in thousands, except per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Numerator
Net loss attributable to common stockholders	$	(10,258	)	$	(10,949	)	$	(34,680	)	$	(43,007	)

Denominator
Weighted-average shares outstanding used in computing net loss per share, basic and diluted		146,296			79,709			123,634			78,672
Net loss per share, basic and diluted	$	(0.07	)	$	(0.14	)	$	(0.28	)	$	(0.55	)

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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Options to purchase common stock		5,383		3,262		5,383		3,262
Shares committed under ESPP		22		17		22		17
Warrants		4,603		5,603		4,603		5,603
Restricted stock units		3,793		2,769		3,793		2,769
Total		13,801		11,651		13,801		11,651