Net (loss) income per share

9 Months Ended

Sep. 30, 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:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Unvested restricted common stock awards	—	22,500	—	22,500
Unvested restricted common stock units	1,617,017	1,312,727	1,617,017	714,164
Outstanding stock options	8,871,328	7,745,593	8,871,328	6,695,548
Total	10,488,345	9,080,820	10,488,345	7,432,212

Basic and diluted net (loss) income per share and diluted weighted-average shares outstanding are as follows for the three and nine months ended September 30, 2024 and 2023:

		Three Months Ended September 30,				Nine Months Ended September 30,
		2024		2023		2024		2023
Numerator:
Net (loss) income (in thousands)	$	(9,044)	$	(25,901)	$	(30,515)	$	75,935
Denominator for basic net (loss) income per share:
Weighted average shares outstanding-basic		57,851,110		43,864,838		57,564,413		40,962,116
Denominator for diluted net (loss) income per share:
Weighted average shares outstanding-basic		57,851,110		43,864,838		57,564,413		40,962,116
Common stock options and restricted stock units		—		—		—		1,648,608
Weighted average shares outstanding-diluted		57,851,110		43,864,838		57,564,413		42,610,724
Net (loss) income per share, basic:	$	(0.16)	$	(0.59)	$	(0.53)	$	1.85
Net (loss) income per share, diluted:	$	(0.16)	$	(0.59)	$	(0.53)	$	1.78

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 and nine months ended September 30, 2024.