Net Loss per Share

12 Months Ended

Dec. 31, 2023

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:

	Year Ended
	December 31,
(In thousands, except for share and per share data)	2023		2022		2021
Numerator:
Net loss	$	(88,481)	$	(86,908)	$	(90,865)
Denominator:
Weighted average shares of common stock outstanding, basic and diluted		69,808,855		65,213,944		56,730,583
Net loss per share, basic and diluted	$	(1.27)	$	(1.33)	$	(1.60)

The Company’s potentially dilutive securities, which included 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 years ended December 31, 2023, 2022 and 2021. All share amounts presented in the table below represent the total number outstanding as of December 31 of each year.

	December 31,
	2023	2022	2021
Options to purchase common stock	6,419,455	5,167,164	3,792,450
Restricted stock unit awards	1,521,940	1,520,730	1,496,946
Total potential shares of common stock	7,941,395	6,687,894	5,289,396