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Net Loss Per Share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share

10. NET LOSS PER SHARE

The following table sets forth the computation of the Company’s basis in diluted net loss per share for the three and six months ended June 30, 2024 and 2023 (in thousands, except share and per share amounts):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(9,570

)

 

$

(7,581

)

 

$

(17,474

)

 

$

(15,217

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

22,546,370

 

 

 

14,102,211

 

 

 

22,390,298

 

 

 

13,933,629

 

Weighted-average shares used in computing basic and diluted net loss per share

 

 

22,546,370

 

 

 

14,102,211

 

 

 

22,390,298

 

 

 

13,933,629

 

Net loss per share attributable to common stockholders—basic and diluted

 

$

(0.42

)

 

$

(0.54

)

 

$

(0.78

)

 

$

(1.09

)

 

As of June 30, 2024 and 2023, the Company’s potentially dilutive securities included unvested stock warrants and stock options, which have been excluded from the computation of diluted net loss per share attributable to common stockholders as the effect would be anti-dilutive. The issuance of pre-funded warrants and vested RSUs have been included in the computation of basic and diluted net loss per share attributable to common stockholders. Based on the amounts outstanding as of June 30, 2024 and 2023, the Company excluded the following potential common shares from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:

 

 

 

As of June 30,

 

 

 

2024

 

 

2023

 

Options to purchase common stock

 

 

4,012,212

 

 

 

2,187,703

 

Common stock warrants

 

 

6,036

 

 

 

6,036

 

Total

 

 

4,018,248

 

 

 

2,193,739