Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2021

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 three months ended March 31, 2021 and 2020:

	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2021			2020
Numerator:
Net loss	$	(13,723	)	$	(7,849	)
Cumulative dividends on redeemable convertible preferred stock		(1,228	)		(715	)
Net loss attributable to common stockholders	$	(14,951	)	$	(8,564	)
Denominator:
Weighted-average number of common shares outstanding, basic and diluted		22,263,994			145,016
Net loss per share attributable to common stockholders, basic and diluted	$	(0.67	)	$	(59.06	)

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

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

	Three Months Ended March 31,
	2021		2020
Series A-1 redeemable convertible preferred stock		—		20,000,000
Series A-2 redeemable convertible preferred stock		—		107,194,866
Options to purchase common stock		5,441,397		1,753,429