Net Loss Per Share

3 Months Ended

Mar. 31, 2022

14. Net Loss Per Share

Basic net loss per share is calculated by dividing the net loss available to common stockholders by the weighted-average number of common shares outstanding for the period. If applicable, diluted net loss per share attributable to common stockholders is calculated by dividing net loss available to common stockholders by the diluted weighted-average number of common shares outstanding for the period.

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

	Three Months Ended March 31,
	2022			2021
Numerator:
Net loss	$	(42,844	)	$	(22,903	)
Denominator:
Weighted average common shares outstanding		99,978			87,223
Net loss per share, basic and diluted:	$	(0.43	)	$	(0.26	)

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 March 31,
	2022		2021
Series A convertible preferred stock		29		29
Options to purchase common stock and employee stock purchase plan		3,435		3,898
Unvested restricted share awards		9,781		8,866
Warrants to purchase common stock		19,654		21,594
Senior convertible notes		17,246		—
Total		50,145		34,387