Net Loss Per Share

3 Months Ended

Mar. 31, 2022

10. Net loss per share

Net loss per share

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except for share and per share data):


	Three Months Ended
	March 31,
	2022			2021
Numerator:
Net loss - basic and diluted	$	(33,051	)	$	(60,492	)
Denominator:
Weighted-average number of shares of common stock outstanding - basic and diluted		26,468,154			13,110,713
Net loss per share - basic and diluted	$	(1.25	)	$	(4.61	)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potential common shares outstanding would have been anti-dilutive. The Company’s Series 1 convertible preferred stock are participating securities but, because they do not have the obligation to share in the loss of the Company, they are excluded from the calculation of basic net loss per share. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	As of March 31,
	2022		2021
Series 1 convertible preferred stock		29,863,674		29,863,674
Options to purchase Common Stock		7,922,274		8,039,422
Shares estimated to be purchased under 2021 ESPP		262,204		76,770
Unvested RSUs		368,115		—
Total		38,416,267		37,979,866