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Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share for the years ended December 31, 2021 and 2020:

 

 

Year Ended December 31,

 

(in thousands, except share and per share amounts)

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(68,899

)

 

$

(43,337

)

Cumulative dividends on redeemable convertible preferred stock

 

 

(1,228

)

 

 

(5,925

)

Net loss attributable to common stockholders

 

$

(70,127

)

 

$

(49,262

)

Denominator:

 

 

 

 

 

 

Weighted-average number of common shares outstanding, basic and diluted

 

 

33,433,214

 

 

 

213,658

 

Net loss per share attributable to common stockholders, basic and diluted

 

$

(2.10

)

 

$

(230.57

)

Potential Dilutive Securities Excluded from Computation of Diluted Net Loss Per Share

The Company’s potentially dilutive securities were redeemable convertible preferred stock and stock options. Based on the amounts outstanding at December 31, 2021 and 2020, 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 December 31,

 

 

 

2021

 

 

2020

 

Series A-1 redeemable convertible preferred stock

 

 

 

 

 

1,470,588

 

Series A-2 redeemable convertible preferred stock

 

 

 

 

 

7,881,965

 

Series B redeemable convertible preferred stock

 

 

 

 

 

9,155,810

 

Options to purchase common stock

 

 

5,086,792

 

 

 

5,084,679