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Net Loss Per Share
12 Months Ended
Dec. 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):

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(108,790

)

 

$

(117,501

)

Denominator:

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

65,570,217

 

 

 

49,014,357

 

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

 

 

 

 

 

(57

)

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

 

 

2,295,106

 

 

 

 

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

 

 

67,865,323

 

 

 

49,014,300

 

Net loss per share, basic and diluted

 

$

(1.60

)

 

$

(2.40

)

 

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:

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

Common stock options

 

 

9,069,194

 

 

 

6,716,526

 

Restricted stock units

 

 

1,167,911

 

 

 

594,768

 

 

 

 

10,237,105

 

 

 

7,311,294