Net Loss per Share

12 Months Ended

Dec. 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:

	Year Ended
	December 31,
(In thousands, except for share and per share data)	2024		2023
Numerator:
Net loss	$	(132,065)	$	(88,481)
Denominator:
Weighted average shares of common stock outstanding, basic and diluted		77,296,665		69,808,855
Net loss per share, basic and diluted	$	(1.71)	$	(1.27)

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. For the year ended December 31, 2024, the basic and diluted weighted-average shares outstanding

included the Warrants, as there were no outstanding contingencies associated with the vesting or exercisability of the Warrants.

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, 2024 and 2023. All share amounts presented in the table below represent the total number outstanding as of December 31 of each year.

	December 31,
	2024	2023
Options to purchase common stock	6,721,967	6,419,455
Restricted stock unit awards	2,276,151	1,521,940
Total potential shares of common stock	8,998,118	7,941,395