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Net Loss Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share

10. Net Loss Per Share

The following table shows the calculation of basic and diluted net loss per share for the six months ended June 30, 2024 and 2023:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss (in thousands)

 

$

(102,854

)

 

$

(160,325

)

 

$

(211,337

)

 

$

(307,153

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common stock outstanding
   - basic and diluted

 

 

60,538,319

 

 

 

59,769,640

 

 

 

60,337,258

 

 

 

59,722,147

 

Net loss per share - basic and diluted

 

$

(1.70

)

 

$

(2.68

)

 

$

(3.50

)

 

$

(5.14

)

 

The following table summarizes potential dilutive securities outstanding at the end of each reporting period that were excluded from the calculation of diluted net loss per share because including them would have been anti-dilutive as of six months ended June 30, 2024 and 2023:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Stock options

 

 

6,551,329

 

 

 

7,851,925

 

 

 

6,551,329

 

 

 

7,851,925

 

Restricted stock units

 

 

2,343,027

 

 

 

445,421

 

 

 

2,343,027

 

 

 

445,421

 

Employee stock purchase plan

 

 

155,484

 

 

 

87,938

 

 

 

155,484

 

 

 

87,938

 

 

 

9,049,840

 

 

 

8,385,284

 

 

 

9,049,840

 

 

 

8,385,284

 

 

 

Stock options and restricted stock units that are outstanding and contain performance-based vesting criteria for which the performance conditions have not been met are excluded from the calculation of potential dilutive securities above.