Net Loss Per Common Share

12 Months Ended

Dec. 31, 2024

10.

Net Loss Per Common Share

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


	Years Ended December 31,
	2024			2023
Numerator:
Net loss	$	(129,474	)	$	(96,655	)
Denominator:
Weighted average shares used to compute net loss per share, basic and diluted*		58,743,522			45,247,098
Net loss per share, basic and diluted	$	(2.20	)	$	(2.14	)

* reflects the weighted average effect of the pre-funded warrants issued on December 4, 2024 for basic and diluted net loss per share.

The potentially dilutive shares that were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented are as follows:


	Years Ended December 31,
	2024		2023
Options to purchase common stock		11,353,057		8,670,742
Unvested performance-based restricted stock units		—		403,000
Unvested restricted common stock		—		80,703
Employee stock purchase plan contingently issuable		—		13,988
		11,353,057		9,168,433