Net loss per share

6 Months Ended

Jun. 30, 2022

Net loss per share

Net loss per share

15. Net loss per share

As of June 30, 2022, the Company has Class A common stock and Class B common stock. According to the Company’s restated certificate of incorporation, both classes have the same rights to the Company’s earnings and neither of the shares have any prior or senior rights to dividends to other shares.

The Company reported a net loss attributable to common stockholders for the three and six months ended June 30, 2022 and 2021, as such basic net loss per share attributable to common stockholders was the same as diluted net loss per share attributable to common stockholders. Basic and diluted net loss per share attributable to common stockholders was calculated as follows (in thousands, except share and per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net loss	$	(13,090)	$	(11,831)	$	(28,020)	$	(33,932)
Accretion of redeemable convertible preferred stock to redemption value		—		(1,184)		—		(1,971)
Cumulative redeemable convertible preferred stock dividends		—		(885)		—		(2,296)
Net loss attributable to common stockholders—basic and diluted	$	(13,090)	$	(13,900)	$	(28,020)	$	(38,199)
Denominator:
Weighted average Class A common shares outstanding—basic and diluted		36,940,676		694,698		36,443,792		668,180
Weighted average Class B common shares outstanding—basic and diluted		5,553,379		—		5,902,815		—
Total shares for EPS—basic and diluted		42,494,055		694,698		42,346,607		668,180
Net loss per share attributable to Class A common stockholders—basic and diluted	$	(0.31)	$	(20.01)	$	(0.66)	$	(57.17)
Net loss per share attributable to Class B common stockholders—basic and diluted	$	(0.31)	$	—	$	(0.66)	$	—

The Company’s potentially dilutive securities, which include stock options, restricted stock, redeemable convertible preferred stock, common stock warrants and preferred stock warrants, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

	Three and Six Months Ended June 30,
	2022	2021
Options to purchase common stock	5,673,128	4,512,084
Unvested restricted common stock	749,816	—
Warrants to purchase common stock	286,324	55,835
Options to purchase common stock under ESPP	46,477	—
Redeemable convertible preferred stock (as converted to common stock)	—	31,104,299
Warrants to purchase preferred stock (as converted to warrants to purchase common stock)	—	1,243,834
	6,755,745	36,916,052