Net Loss Per Share

6 Months Ended

Jun. 30, 2022

NET LOSS PER SHAREBasic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of stock-based awards and warrants. Diluted net loss per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options, and unvested restricted common stock and stock units. As we had net losses for the six months ended June 30, 2022 and 2021, all potential common shares were determined to be anti-dilutive.

The following table sets forth the computation of net loss per common share (in thousands, except per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
Numerator:	2022		2021		2022		2021
Net loss	$	(26,938)	$	(45,189)	$	(55,009)	$	(78,344)
Denominator:
Weighted average common shares outstanding - basic and diluted	145,544		100,040		138,280		98,618
Net loss per share - basic and diluted	$	(0.19)	$	(0.45)	$	(0.40)	$	(0.79)

For the periods presented, all common stock equivalents are excluded from the computation of diluted loss per share, as the result would be anti-dilutive, including the following (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Options to purchase common stock	$	13,099	$	12,447	$	13,182	$	12,211

Restricted stock units	3,520		1,125		3,963		1,006

ESPP shares issuable	200		230		176		188
Total	$	16,819	$	13,802	$	17,321	$	13,406