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Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024 and 2023:

 

 

Year Ended December 31,

 

(in thousands, except share and per share amounts)

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(116,914

)

 

$

(117,863

)

Denominator:

 

 

 

 

 

 

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

 

 

68,705,639

 

 

 

67,191,973

 

Net loss per share, basic and diluted

 

$

(1.70

)

 

$

(1.75

)

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

The Company’s potentially dilutive securities were stock options, unvested restricted stock, restricted stock units, and warrants. Based on the amounts outstanding at December 31, 2024 and 2023, the Company excluded the following potential common shares from the computation of diluted net loss per share because including them would have had an anti-dilutive effect:

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

Options to purchase common stock

 

 

9,145,149

 

 

 

8,290,077

 

Unvested restricted stock

 

 

 

 

 

10,299

 

Restricted stock units

 

 

1,308,723

 

 

 

1,113,381

 

Warrants

 

 

69,839,075