Net Loss Per Share

6 Months Ended

Jun. 30, 2023

Net Loss Per Share

Net Loss Per Share

13. Net Loss Per Share

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

	Three months ended				Six months ended
	June 30,				June 30,
	2023		2022		2023		2022
Net loss	$	(10,110)	$	(19,926)	$	(27,169)	$	(37,201)
Weighted average common stock outstanding, basic and diluted		27,575,596		23,258,759		25,608,008		23,237,600
Net loss per share, basic and diluted	$	(0.37)	$	(0.86)	$	(1.06)	$	(1.60)

The Company’s potentially dilutive securities, which include options to purchase common stock and unvested restricted stock, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

	June 30,
	2023	2022
Outstanding stock options	4,419,549	4,181,702
Unvested restricted stock	—	15,776
Unvested RSUs	196,522	200,996
K2 Warrant	339,725	—
Common Warrants	22,250,000	—
Pre-funded Warrants	4,440,000	—
Convertible debt (as-converted to common stock)	1,444,444	—
	33,090,240	4,398,474