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Net Loss per Share
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Net Loss per Share

13. Net Loss per Share

Net Loss per Share

Basic and diluted loss per share is computed by dividing net loss by the weighted-average common shares outstanding for the period, including the pre-funded warrants given their nominal exercise price (in thousands, except for share and per share data):

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(40,928

)

 

$

(36,684

)

Denominator:

 

 

 

 

 

 

Weighted average common shares outstanding, basic and
   diluted

 

 

58,187,038

 

 

 

51,651,125

 

Net loss per share, basic and diluted

 

$

(0.70

)

 

$

(0.71

)

The Company’s potentially dilutive securities, which include restricted stock and stock options, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following from the computation of diluted net loss per share attributable to common stockholders at March 31, 2023 and 2022 because including them would have had an anti-dilutive effect:

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Unvested restricted stock

 

 

452,721

 

 

 

121,504

 

Options to purchase common stock

 

 

8,291,731

 

 

 

7,119,524

 

Total

 

 

8,744,452

 

 

 

7,241,028