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Net Loss Per Common Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Net Loss Per Common Share

Note 7—Net Loss Per Common Share

Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Since the Company had a net loss in all periods presented, basic and diluted net loss per common share are the same.

The following table represents the calculation of basic and diluted net loss per common share (in thousands, except share and per share data):

 

 

For the Three Months

Ended March 31,

 

 

 

2021

 

 

2020

 

Net loss

 

$

(32,024

)

 

$

(5,431

)

Weighted-average shares of common stock outstanding used to compute net loss per

   common share, basic and diluted

 

 

36,992,377

 

 

 

10,894,999

 

Net loss per common share, basic and diluted

 

$

(0.87

)

 

$

(0.50

)

 

 

The following common stock equivalents outstanding as of March 31, 2021 and 2020 were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti‑dilutive:

 

 

 

 

 

 

 

March 31, 2021

 

 

March 31, 2020

 

Unvested RSUs

 

 

2,850,053

 

 

 

 

Unvested RSAs

 

 

769,058

 

 

 

 

Stock options

 

 

2,286,142

 

 

 

 

Series A convertible preferred stock

 

 

 

 

 

6,000,000

 

Total

 

 

5,905,253

 

 

 

6,000,000