Net Loss Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Net Loss Per Share

11.Net Loss Per Share

The following table summarizes the computation of basic and diluted net loss per share:

	Three Months Ended June 30,					Six Months Ended June 30,
	2024			2023		2024			2023
	(in thousands, excepts per share amounts)
Numerator:
Net loss attributable to Kineta, Inc.	$	(2,604	)	$	386	$	(12,842	)	$	(6,065	)
Denominator:
Weighted-average common shares outstanding, basic and diluted(1)		13,061			9,939		12,723			9,339
Net loss per share, basic and diluted	$	(0.20	)	$	0.04	$	(1.01	)	$	(0.65	)

(1) Included in the denominator were 163,000 and 415,000 weighted-average shares of common stock warrants for the three and six months ended June 30, 2024, respectively, with an exercise price of $0.14. Included in the denominator were 640,000 and 506,000 weighted-average shares of common stock warrants for the three and six months ended June 30, 2023, respectively, with exercise prices that ranged from $0.001 to $0.14.

The following outstanding potentially dilutive common stock equivalents were excluded from the computation of diluted net loss per share as of the periods presented because including them would have been antidilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands)
Warrants to purchase common stock		2,560		1,631		2,560		1,631
Common stock options		2,454		1,959		2,454		1,959
Vested restricted stock subject to recall		56		56		56		56
Unvested restricted stock subject to repurchase		2,293		10		2,293		10
Total		7,363		3,656		7,363		3,656

Defined Contribution Plan

The Company sponsors a 401(k) Plan whereby all employees are eligible to participate in the 401(k) Plan after meeting certain eligibility requirements. Participants may elect to have a portion of their salary deferred and contributed to the 401(k) plan, subject to certain limitations. The Company provided matching contributions of $9,000 for the three months ended June 30, 2024 and $32,000 for the six months ended June 30, 2024. The Company provided matching contributions of $29,000 for the three months ended June 30, 2023 and $69,000 for the six months ended June 30, 2023.