Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.22.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

NOTE 5. NET LOSS PER SHARE

The following table presents the computation of basic and diluted net loss per share:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Numerator

 

 

 

 

 

 

 

 

Net loss

 

$

(28,441

)

 

$

(30,567

)

Denominator

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

35,478,676

 

 

 

32,191,419

 

Less:  Weighted-average shares subject to repurchase

 

 

(1,728

)

 

 

(19,381

)

Denominator for basic and diluted net loss per share

   attributable to common stockholders

 

 

35,476,948

 

 

 

32,172,038

 

Basic and diluted net loss per share

 

$

(0.80

)

 

$

(0.95

)

 

 

 

The Company reported net losses for all periods presented and, as such, all potentially dilutive shares of common stock would have been antidilutive for such periods. The table below presents the weighted-average securities (in common equivalent shares) outstanding during the periods presented that have been excluded from the calculation of diluted net loss per share because their effect would be anti-dilutive:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Common stock options and restricted stock units

 

 

10,025,447

 

 

 

10,274,878

 

Warrants to purchase common stock

 

 

496,612

 

 

 

639,169

 

Common stock issuable in connection with convertible senior notes

 

 

5,475,369

 

 

 

 

 

 

 

15,997,428

 

 

 

10,914,047