Net Loss Per Share

3 Months Ended

Mar. 31, 2024

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 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 three months ended March 31, 2024 and 2023, 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 March 31,
Numerator:	2024		2023
Net loss	$	(26,518)	$	(26,773)
Denominator:
Weighted average common shares outstanding - basic	233,066		207,023
Weighted average common shares outstanding - diluted	233,066		207,023
Net loss per share of common stock - basic and diluted	$	(0.11)	$	(0.13)

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 March 31,
	2024	2023
Options to purchase common stock	26,681	19,855

Restricted stock units	7,024	2,931

ESPP shares issuable	227	205
Total	33,932	22,991