Net Loss per Share

9 Months Ended

Sep. 30, 2023

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 September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Numerator:
Net loss	$	(52,867	)	$	(43,002	)	$	(132,594	)	$	(119,943	)
Denominator:
Weighted average common shares outstanding, basic and diluted		58,421,859			54,535,514			58,312,813			52,600,103
Net loss per share, basic and diluted	$	(0.90	)	$	(0.79	)	$	(2.27	)	$	(2.28	)

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 September 30, 2023 and 2022 because including them would have had an anti-dilutive effect:


	Nine Months Ended September 30,
	2023		2022
Unvested restricted stock		587,667		274,291
Options to purchase common stock		8,249,939		7,017,631
Total		8,837,606		7,291,922