Net Loss Per Share

6 Months Ended

Jun. 30, 2023

NET LOSS PER SHARE

Basic 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, 2023 and 2022, 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:	2023		2022		2023		2022
Net loss	$	(17,121)	$	(26,938)	$	(43,894)	$	(55,009)
Denominator:
Weighted average common shares outstanding - basic and diluted	214,951		145,544		211,009		138,280
Net loss per share of common stock - basic and diluted	$	(0.08)	$	(0.19)	$	(0.21)	$	(0.40)

For the periods presented, the total numbers of securities that could potentially dilute net income per share in the future that were not considered in the diluted net loss per share calculations because the effect would have been anti-dilutive were as follows (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Options to purchase common stock	20,659	13,099	20,260	13,182

Restricted stock units	3,008	3,520	2,969	3,963

ESPP shares issuable	278	200	242	176
Total	23,945	16,819	23,471	17,321