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Net Loss Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

3. Net Loss Per Share

The following tables summarize the computation of the basic and diluted net loss per share (in thousands except share and per share data):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(26,923

)

 

$

(21,535

)

 

$

(52,910

)

 

$

(40,908

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

43,844,869

 

 

 

32,879,406

 

 

 

38,452,511

 

 

 

32,843,343

 

Less: weighted average unvested common stock
   issued upon early exercise of common stock
   options

 

 

(3,477

)

 

 

(52,041

)

 

 

(5,555

)

 

 

(59,613

)

Weighted average shares used to compute net loss
   per share, basic and diluted

 

 

43,841,392

 

 

 

32,827,365

 

 

 

38,446,956

 

 

 

32,783,730

 

Net loss per share, basic and diluted

 

$

(0.61

)

 

$

(0.66

)

 

$

(1.38

)

 

$

(1.25

)

 

The following table summarizes the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive:

 

 

 

As of June 30,

 

 

 

2022

 

 

2021

 

Common stock options

 

 

5,257,754

 

 

 

4,293,442

 

Restricted stock units

 

 

320,278

 

 

 

 

Unvested common stock upon early exercise of common stock
   options

 

 

2,475

 

 

 

46,849

 

 

 

 

5,580,507

 

 

 

4,340,291