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Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Common Share

Basic and diluted net loss per common share were calculated as follows (in thousands, except share and per share amounts):

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(22,738

)

 

$

(14,724

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding (including vested and unvested shares)

 

 

42,118,267

 

 

 

18,738,115

 

Less: weighted-average unvested common stock issued upon early exercise of common stock options

 

 

(68,244

)

 

 

(149,069

)

Less: weighted-average unvested restricted shares of common stock

 

 

(4,415

)

 

 

(74,402

)

Weighted-average shares used to compute net loss per common share, basic and diluted

 

 

42,045,608

 

 

 

18,514,644

 

Net loss per share, basic and diluted

 

$

(0.54

)

 

$

(0.80

)

Anti Dilutive Potential Common Shares Excluded From Computation of Diluted Net Loss Per Share The following potentially dilutive securities, presented on an as converted basis, were excluded from the calculation of net loss per share due to their anti-dilutive effect:

 

 

As of March 31,

 

 

 

2024

 

 

2023

 

Stock options outstanding

 

 

7,755,740

 

 

 

3,890,266

 

Unvested restricted stock awards

 

 

2,493

 

 

 

59,339

 

Unvested restricted stock units

 

 

95,817

 

 

 

 

ESPP shares pending issuance

 

 

21,431

 

 

 

 

Total

 

 

7,875,481

 

 

 

3,949,605