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Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share

Net Loss Per Share

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(16,245

)

 

$

(15,839

)

 

$

(47,498

)

 

$

(34,425

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

24,073,935

 

 

 

19,875,428

 

 

 

24,038,257

 

 

 

7,562,436

 

Net loss per share, basic and diluted

 

$

(0.67

)

 

$

(0.80

)

 

$

(1.98

)

 

$

(4.55

)

Summary of Potential Common Shares Excluded from Computation of Diluted Net Loss per Share The

Company excluded the following potential common shares from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

September 30,

 

 

 

2022

 

 

2021

 

Options to purchase common stock

 

 

5,258,027

 

 

 

3,090,849

 

Common stock issuable under outstanding loan

 

 

2,100,027

 

 

 

-

 

Unvested restricted common stock

 

 

-

 

 

 

204,513

 

Potential shares issuable under the ESPP

 

 

100,768

 

 

 

-

 

Total

 

 

7,458,822

 

 

 

3,295,362