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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2024
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
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(40,680

)

 

$

(51,377

)

 

$

(89,175

)

 

$

(94,906

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

142,687

 

 

 

118,719

 

 

 

141,845

 

 

 

114,260

 

Net loss per share, basic and diluted:

 

$

(0.29

)

 

$

(0.43

)

 

$

(0.63

)

 

$

(0.83

)

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
June 30,

 

 

 

2024

 

 

2023

 

Options to purchase common stock and employee stock purchase plan

 

 

2,497

 

 

 

2,517

 

Unvested restricted stock unit awards

 

 

8,172

 

 

 

7,546

 

Warrants to purchase common stock

 

 

8,216

 

 

 

8,226

 

Senior convertible notes

 

 

17,246

 

 

 

17,246

 

Total

 

 

36,131

 

 

 

35,535