Net Loss per Share

9 Months Ended

Sep. 30, 2022

Net Loss per Share

Net Loss per Share

10. Net Loss per Share

Basic and diluted net loss per share is summarized in the following table:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands, except for share and per share data)	2022		2021		2022		2021
Numerator:
Net loss	$	(19,952)	$	(21,146)	$	(59,273)	$	(68,061)
Denominator:
Weighted average shares of common stock outstanding, basic and diluted		66,675,337		61,219,321		64,718,008		55,215,037
Net loss per share, basic and diluted	$	(0.30)	$	(0.35)	$	(0.92)	$	(1.23)

The Company’s potentially dilutive securities, which include stock options and RSUs, have been excluded from the computation of diluted net loss per share since the effect would be to reduce the net loss per share. Therefore, the weighted average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same.  The following table presents potential shares of common stock excluded from the calculation of diluted net loss per share for the three and nine months ended September 30, 2022 and 2021.  All share amounts presented in the table below represent the total number outstanding as of September 30, 2022 and 2021.

	September 30,
	2022	2021
Options to purchase common stock	5,187,664	3,743,725
Restricted stock unit awards	1,585,184	1,465,963
Total potential shares of common stock	6,772,848	5,209,688