XML 70 R14.htm IDEA: XBRL DOCUMENT v3.21.2
Net Loss Per Common Share
6 Months Ended
Jun. 30, 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 June 30,

 

 

For the Six Months

Ended June 30,

 

 

 

2021

 

2020

 

 

2021

 

2020

 

Net loss

 

$

(40,926

)

$

(21,220

)

 

$

(72,950

)

$

(26,651

)

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

   common share, basic and diluted

 

 

37,479,164

 

 

10,894,999

 

 

 

37,237,115

 

 

10,894,999

 

Net loss per common share, basic and diluted

 

$

(1.09

)

$

(1.95

)

 

$

(1.96

)

$

(2.45

)

 

 

The following common stock equivalents outstanding as of June 30, 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:

 

 

 

 

 

 

 

June 30,

2021

 

 

June 30,

2020

 

Unvested RSUs

 

 

2,053,137

 

 

 

 

Unvested RSAs

 

 

470,215

 

 

 

 

Stock options

 

 

3,213,692

 

 

 

 

Series A convertible preferred stock

 

 

 

 

 

6,200,000

 

Total

 

 

5,737,044

 

 

 

6,200,000