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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Summary of Basic and Diluted 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

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(24,045

)

 

$

(15,097

)

 

$

(46,608

)

 

$

(31,253

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

47,208,664

 

 

 

24,063,677

 

 

 

35,717,309

 

 

 

24,019,406

 

Net loss per share, basic and diluted

 

$

(0.51

)

 

$

(0.63

)

 

$

(1.30

)

 

$

(1.30

)

The 47,010,526 shares of the Company's common stock issuable upon exercise of the Pre-Funded Warrants described in Note 5 are included as outstanding common stock in the calculation of basic and diluted net loss per share.

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:

 

 

 

June 30,

 

 

 

2023

 

 

2022

 

Options to purchase common stock

 

 

11,718,296

 

 

 

4,193,025

 

Common stock issuable upon conversion of Loan Agreement

 

 

4,829,957

 

 

 

-

 

Total

 

 

16,548,253

 

 

 

4,193,025