Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.23.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2023
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,

 

 

2023

 

 

2022

 

Numerator

 

 

 

 

 

 

Net loss

 

$

(22,963

)

 

$

(22,129

)

Denominator

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

36,587,946

 

 

 

35,478,676

 

Less: Weighted-average shares subject to repurchase

 

 

 

 

 

(1,728

)

Denominator for basic and diluted net loss per share attributable to common stockholders

 

 

36,587,946

 

 

 

35,476,948

 

Basic and diluted net loss per share

 

$

(0.63

)

 

$

(0.62

)

 

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,

 

 

2023

 

 

2022

 

Common stock options, restricted stock units and performance stock units

 

 

10,755,833

 

 

 

10,025,447

 

Warrants to purchase common stock

 

 

496,612

 

 

 

496,612

 

Common stock issuable in connection with convertible senior notes

 

 

3,842,961

 

 

 

5,475,369

 

 

 

15,095,406

 

 

 

15,997,428