Net Loss per share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Loss per share

Net Loss per share

As described in Note 2, Summary of significant accounting policies, for periods in which the Company reports a net loss, potentially dilutive securities have been excluded from the computation of diluted net loss per share as their effects would be anti-dilutive. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares presented based on amounts outstanding at period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

	Years Ended December 31,
	2022	2021
Options to purchase common stock	6,993,052	5,983,425

Basic and diluted loss per share is computed by dividing net loss by the weighted-average common shares outstanding (in thousands, except share and per share data):

	Years Ended December 31,
	2022		2021
Numerator:
Net loss —basic and diluted	$	(128,175)	$	(83,892)
Denominator:
Weighted-average common stock outstanding—basic and diluted	48,861,665		46,041,733
Net loss per share —basic and diluted	$	(2.62)	$	(1.82)