Net Loss Per Share

9 Months Ended

Sep. 30, 2021

11. Net Loss Per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share for the three and nine months ended September 30, 2021 and 2020:


	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, except share and per share amounts)	2021			2020			2021			2020
Numerator:
Net loss	$	(18,554	)	$	(11,785	)	$	(50,647	)	$	(27,674	)
Cumulative dividends on redeemable convertible preferred stock		—			(2,185	)		(1,228	)		(3,755	)
Net loss attributable to common stockholders	$	(18,554	)	$	(13,970	)	$	(51,875	)	$	(31,429	)
Denominator:
Weighted-average number of common shares outstanding, basic and diluted		36,934,311			228,144			32,067,535			176,726
Net loss per share attributable to common stockholders, basic and diluted	$	(0.50	)	$	(61.23	)	$	(1.62	)	$	(177.84	)

As of the three and nine months ended September 30, 2021 and 2020, the Company’s potentially dilutive securities were redeemable convertible preferred stock and stock options. The Company excluded the following potential common shares from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect:


	As of September 30,
	2021		2020
Series A-1 redeemable convertible preferred stock		—		20,000,000
Series A-2 redeemable convertible preferred stock		—		107,194,866
Series B redeemable convertible preferred stock		—		124,519,220
Options to purchase common stock		5,405,773		4,638,208