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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(19,950

)

 

$

(16,721

)

 

$

(42,688

)

 

$

(31,445

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

48,125,940

 

 

 

41,131,134

 

 

 

45,122,104

 

 

 

30,058,872

 

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

 

 

(49,371

)

 

 

(128,384

)

 

 

(58,807

)

 

 

(138,716

)

Less: weighted-average unvested restricted shares of common stock

 

 

(1,534

)

 

 

(41,726

)

 

 

(2,975

)

 

 

(57,974

)

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

 

 

48,075,035

 

 

 

40,961,024

 

 

 

45,060,322

 

 

 

29,862,182

 

Net loss per share, basic and diluted

 

$

(0.41

)

 

$

(0.41

)

 

$

(0.95

)

 

$

(1.05

)

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 June 30,

 

 

 

2024

 

 

2023

 

Stock options outstanding

 

 

7,464,751

 

 

 

5,722,333

 

Unvested restricted stock awards

 

 

623

 

 

 

26,729

 

Unvested restricted stock units

 

 

94,068

 

 

 

23,000

 

ESPP shares pending issuance

 

 

3,637

 

 

 

 

Total

 

 

7,563,079

 

 

 

5,772,062