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Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

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

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(42,654

)

 

$

(36,793

)

 

$

(137,560

)

 

$

(116,510

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

122,468

 

 

 

104,804

 

 

 

117,026

 

 

 

102,561

 

Net loss per share, basic and diluted:

 

$

(0.35

)

 

$

(0.35

)

 

$

(1.18

)

 

$

(1.14

)

Anti-Dilutive Securities of Common Stock Excluded from Calculation of Diluted Net Loss Per Share

The following potentially dilutive shares of common stock were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands):

 

 

 

As of
September 30,

 

 

 

2023

 

 

2022

 

Options to purchase common stock and employee stock purchase plan

 

 

2,567

 

 

 

3,142

 

Unvested restricted stock unit awards

 

 

7,606

 

 

 

8,744

 

Warrants to purchase common stock

 

 

8,226

 

 

 

17,486

 

Senior convertible notes

 

 

17,246

 

 

 

17,246

 

Total

 

 

35,645

 

 

 

46,618