Net Loss Per Share

6 Months Ended

Jun. 30, 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						Six Months Ended
	June 30,						June 30,
	2022			2021			2022			2021
Numerator:
Net loss - basic and diluted	$	(27,011	)	$	(64,472	)	$	(60,062	)	$	(124,964	)
Denominator:
Weighted-average number of shares of common stock outstanding - basic and diluted		26,618,920			25,648,151			26,544,375			19,414,066
Net loss per share - basic and diluted	$	(1.01	)	$	(2.51	)	$	(2.26	)	$	(6.44	)

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 June 30,
	2022		2021
Series 1 convertible preferred stock		29,863,674		29,863,674
Options to purchase common stock		10,248,621		7,874,134
Shares estimated to be purchased under 2021 ESPP		455,305		77,727
Unvested RSUs		599,915		—
Total		41,167,515		37,815,535