Net (loss) income per share

3 Months Ended

Mar. 31, 2024

Net (loss) income per share

Net (loss) income per share

10. Net (loss) income per share

The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net (loss) income per share because to include them would be anti-dilutive:

	As of March 31,
	2024	2023
Unvested restricted common stock awards	22,500	45,000
Unvested restricted common stock units	1,719,338	1,336,159
Outstanding stock options	8,909,596	7,360,745
Total	10,651,434	8,741,904

Basic net (loss) income and diluted weighted-average shares outstanding are as follows for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
Numerator:
Net (loss) income (in thousands)	$	(11,330)	$	124,044
Denominator for basic net (loss) income per share:
Weighted average shares outstanding-basic		57,117,046		40,632,087
Denominator for diluted net (loss) income per share:
Weighted average shares outstanding-basic		57,117,046		40,632,087
Common stock options and restricted stock units		—		1,529,239
Weighted average shares outstanding-diluted		57,117,046		42,161,326
Net (loss) income per share, basic:	$	(0.20)	$	3.05
Net (loss) income per share, diluted:	$	(0.20)	$	2.94

The pre-funded warrants issued in connection with the underwritten public offering discussed in Note 11 are included in basic and diluted weighted average shares outstanding for the three months ended March 31, 2024.