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Net Loss Per Share
3 Months Ended
Mar. 31, 2024
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
March 31,

 

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(29,518

)

 

$

(30,815

)

Denominator:

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

50,517,632

 

 

 

48,921,535

 

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

 

 

 

 

 

(209

)

Add: weighted average of common stock
   to be issued upon exercise of pre-funded warrants

 

 

164,837

 

 

 

 

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

 

 

50,682,469

 

 

 

48,921,326

 

Net loss per share, basic and diluted

 

$

(0.58

)

 

$

(0.63

)

 

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 antidilutive:

 

 

 

As of March 31,

 

 

 

2024

 

 

2023

 

Common stock options

 

 

8,261,949

 

 

 

6,820,096

 

Restricted stock units

 

 

1,216,817

 

 

 

799,930

 

Unvested common stock upon early exercise of common stock
   options

 

 

 

 

 

113

 

 

 

9,478,766

 

 

 

7,620,139