Net Loss Per Common Share (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Net Loss Per Common Share, Basic and Diluted

The following table sets forth the computation of basic and diluted net loss per common share attributable to common stockholders (in thousands, except share and per share data):


	Three Months Ended March 31,
	2021		2020
Numerator:
Net loss	$	(20,957)	$	(18,693)
Denominator:
Weighted average shares used to compute basic and diluted net loss per share	55,688,281		7,767,169
Net loss per common share—basic and diluted	$	(0.38)	$	(2.41)

The shares and net loss per common share, prior to the Merger, have been retroactively restated as shares reflecting the exchange ratio of approximately 0.703 shares of the Company per one share of OTI as established in the Merger Agreement.

The weighted average number of shares used to compute basic and diluted net loss per share excludes unvested early exercised common stock options subject to repurchase.

Schedule of Antidilutive Securities Excluded from Computation of Net Loss Per Common Share

The following outstanding shares of potentially dilutive securities 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 antidilutive:


	Three Months Ended March 31,
	2021	2020
Redeemable convertible preferred stock	—	4,384,348
Options to purchase common stock	24,626,748	1,467,347
Unvested RSA	34,932	26,908
Restricted stock units	959,874	—
Unvested early exercised common stock options	3,935,428	89,431
Vested and early exercised options subject to nonrecourse notes	1,761,436	—
Preferred stock warrants	—	37,285
Public and private common stock warrants	15,999,996	—
Total	47,318,414	6,005,319