Net loss per share

6 Months Ended

Jun. 30, 2022

Net loss per share

Net loss per share

4. Net loss per share

Basic net loss per share, is calculated by dividing the net loss attributable to holders of common stock by the weighted average number of shares of common stock outstanding. When the Company is in a net loss position, diluted net loss per share is calculated by dividing the net loss attributable to holders of common stock by the weighted average number of shares of common stock outstanding, excluding dilutive common stock equivalents outstanding. When the Company is in a net income position, diluted net income per share would be calculated by dividing the net income attributable to holders of common stock by the weighted-average number of shares of common stock plus dilutive common stock equivalents outstanding.

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Basic and Diluted net loss per share:
Numerator
Net loss	$	(39,949)	$	(36,421)	$	(82,383)	$	(80,154)
Denominator
Weighted average number of shares outstanding		19,585,164		19,200,747		19,482,943		19,196,798
Basic and Diluted net loss per share	$	(2.04)	$	(1.90)	$	(4.23)	$	(4.18)

For purposes of a dilutive net loss per share calculation, stock options, restricted stock units (RSUs) and warrants are considered to be common stock equivalents but are excluded from the calculation of diluted net loss per share in the periods where the Company has incurred a net loss, as their effect would be anti-dilutive given the Company’s net loss. Common stock equivalents may also be excluded from the calculation of diluted net income per share if the exercise prices exceed the average market price for the reporting period.

The following outstanding common stock equivalents were excluded from the computation of diluted net loss per share for the three and six months ended June 30, 2022 and 2021 because including them would have been anti-dilutive:

	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021
Options to purchase common stock, RSUs and warrants	3,536,437	3,178,079	3,536,437	3,178,079