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Net Loss per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net Loss per Share

(11)

Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except for share and per share amounts):

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(60,561

)

 

$

(59,173

)

Denominator:

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - basic and diluted

 

 

55,329,711

 

 

 

35,835,744

 

Net loss per share - basic and diluted

 

$

(1.09

)

 

$

(1.65

)

 

The Company’s potentially dilutive shares, which include outstanding stock options, unvested restricted common stock and potential shares issuable under the ESPP, are considered to be common share equivalents and are only included in the calculation of diluted net loss per share when their effect is dilutive.

The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of the diluted net loss per share attributable to common stockholders for the period indicated because including them would have had an anti-dilutive effect.

 

 

 

As of December 31,

 

 

 

2021

 

 

2020

 

Unvested restricted common stock awards

 

 

299,248

 

 

 

478,207

 

Outstanding options to purchase common stock

 

 

4,500,913

 

 

 

3,343,836

 

Potential shares issuable under the ESPP

 

 

21,569

 

 

 

12,037