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Net Loss Per Share
9 Months Ended
Sep. 30, 2023
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
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(25,645

)

 

$

(28,345

)

 

$

(89,747

)

 

$

(81,255

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

49,062,799

 

 

 

48,631,941

 

 

 

48,985,448

 

 

 

41,882,929

 

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

 

 

 

 

 

(1,613

)

 

 

(75

)

 

 

(4,213

)

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

 

 

49,062,799

 

 

 

48,630,328

 

 

 

48,985,373

 

 

 

41,878,716

 

Net loss per share, basic and diluted

 

$

(0.52

)

 

$

(0.58

)

 

$

(1.83

)

 

$

(1.94

)

 

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 September 30,

 

 

 

2023

 

 

2022

 

Common stock options

 

 

7,127,449

 

 

 

5,312,013

 

Restricted stock units

 

 

695,110

 

 

 

359,708

 

Unvested common stock upon early exercise of common stock
   options

 

 

 

 

 

1,173

 

 

 

7,822,559

 

 

 

5,672,894