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Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2024
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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(29,887

)

 

$

(22,997

)

 

$

(91,690

)

 

$

(69,605

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding, basic and diluted

 

 

118,700,362

 

 

 

94,829,844

 

 

 

109,035,938

 

 

 

55,711,252

 

Net loss per share, basic and diluted

 

$

(0.25

)

 

$

(0.24

)

 

$

(0.84

)

 

$

(1.25

)

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,

 

 

 

2024

 

 

2023

 

Options to purchase common stock

 

 

12,426,235

 

 

 

10,518,779

 

Common stock issuable upon conversion of Loan Agreement

 

 

6,269,592

 

 

 

6,269,592

 

Potential shares issuable under the ESPP

 

 

89,128

 

 

 

-

 

Total

 

 

18,784,955

 

 

 

16,788,371