Net Loss per Share

3 Months Ended

Mar. 31, 2024

Net Loss per Share

Net Loss per Share

8. Net Loss per Share

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

	Three Months Ended
	March 31,
(In thousands, except for share and per share data)	2024		2023
Numerator:
Net loss	$	(16,941)	$	(28,160)
Denominator:
Weighted average shares of common stock outstanding, basic and diluted		71,074,858		66,872,778
Net loss per share, basic and diluted	$	(0.24)	$	(0.42)

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 three months ended March 31, 2024 and 2023. All share amounts presented in the table below represent the total number outstanding as of March 31, 2024 and 2023.

	March 31,
	2024	2023
Options to purchase common stock	6,966,980	6,865,524
Restricted stock unit awards	3,139,539	1,740,081
Total potential shares of common stock	10,106,519	8,605,605