Net Loss Per Share

9 Months Ended

Sep. 30, 2022

NOTE 10: NET LOSS PER SHARE

The Company calculates basic net loss per share by dividing net loss for each respective period by the weighted average number of common shares outstanding for each respective period. The Company computes diluted net loss per share after giving consideration to the dilutive effect of unvested RSUs, stock options and unsettled ESPP contributions that are outstanding during the period, except where such securities would be anti-dilutive. The Company’s diluted net loss per share is the same as basic net loss per share for the three and nine months ended September 30, 2022 and 2021 given all potential shares of common stock are anti-dilutive as a result of the net loss for all reporting periods.

The computations of basic and diluted net loss per share attributable to common stockholders are as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Net loss (in thousands)	$	(23,946	)	$	(11,279	)	$	(83,149	)	$	(8,312	)
Weighted average common shares outstanding basic and diluted		110,849,196			59,657,677			80,127,701			58,018,550
Net loss per share, basic and diluted	$	(0.22	)	$	(0.19	)	$	(1.04	)	$	(0.14	)

The following weighted-average common stock equivalents were excluded from the calculation of diluted net loss per share because their inclusion would have been anti-dilutive:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Unvested Restricted Stock Units		2,192,105		808,758		1,898,925		342,044
Stock Options		1,406,185		6,448,353		2,024,854		5,760,008
Unsettled ESPP Contributions		14,880		2,488		4,960		829
Total common stock equivalents excluded from diluted net loss per share		3,613,170		7,259,599		3,928,739		6,102,881