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Net Loss Per Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

13. Net loss per share

Basic and diluted net loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, without consideration for common stock equivalents. The Company was in a loss position for all periods presented; therefore, basic net loss per share and diluted net loss per share are the same for all periods, as the inclusion of all potential common securities outstanding would have been anti-dilutive.

The following table summarizes the calculation of basic and diluted net loss per share of common stock:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands, except per share amounts)

 

Net loss

 

$

(31,448

)

 

$

(180,617

)

Weighted-average number of common shares - basic and diluted

 

 

185,955

 

 

 

119,131

 

Net loss per common share - basic and diluted

 

$

(0.17

)

 

$

(1.52

)

 

The following securities were excluded from the computation of net loss per diluted share of common stock for periods presented as their effect would have been anti-dilutive:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Options to purchase common stock

 

 

24,828

 

 

 

15,781

 

Unvested restricted common stock

 

 

2,959

 

 

 

8,637

 

Unvested RSUs

 

 

810

 

 

 

325

 

Total

 

 

28,597

 

 

 

24,743