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Net Loss Per Share Attributable to Common Stockholders
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

8. Net Loss Per Share Attributable to Common Stockholders

The following table shows the computation of basic and diluted net loss per share (in thousands, except share and per share data):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net loss

 

$

(14,596

)

 

$

(8,719

)

 

$

(27,800

)

 

$

(27,320

)

Accretion of redeemable convertible preferred stock to redemption value and cumulative preferred stock dividends

 

 

 

 

 

(2,141

)

 

 

 

 

 

(3,226

)

Net loss attributable to common stockholders

 

 

(14,596

)

 

 

(10,860

)

 

 

(27,800

)

 

 

(30,546

)

Weighted-average common shares used in computed net loss per share attributable to common stockholders, basic and diluted

 

 

26,296,560

 

 

 

3,488,017

 

 

 

26,267,914

 

 

 

3,472,086

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(0.56

)

 

$

(3.11

)

 

$

(1.06

)

 

$

(8.80

)

 

All outstanding shares of redeemable convertible preferred stock were converted on a 1-for-1 basis to shares of common stock on August 12, 2021, the date of the Company's IPO (see Note 1). The cumulative preferred stock dividend was therefore eliminated upon conversion of the redeemable convertible preferred stock.

The following outstanding shares of potentially dilutive securities were excluded from the computation of the diluted net loss per share attributable to common stockholders for the periods presented because their effect would have been anti-dilutive:

 

 

 

Three and Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

Common stock options

 

 

4,574,917

 

 

 

15,345,279

 

Unvested restricted stock awards

 

 

240,280

 

 

 

2,641,893

 

Redeemable convertible preferred stock

 

 

 

 

 

352,666

 

Total potentially dilutive shares

 

 

4,815,197

 

 

 

18,339,838