Net Loss Per Share

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Net Loss Per Share

Net Loss per Share

The Company has one class of common stock. The diluted net loss per share attributable to common stockholders is calculated by giving effect to all potentially dilutive common stock equivalents during the period using the treasury stock method or the if-converted method, if applicable. The Company’s stock options, warrants, and early exercised stock options are considered to be potential common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders because the holders of these securities do not have a contractual right to share in the Company's losses, and their effect would be antidilutive. Therefore, the net loss for the three months ended March 31, 2025 and 2024 was attributed to common stockholders only.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except for per share data)(1):

	Three Months Ended March 31,
	2025		2024
Numerator:
Net loss attributable to common stockholders, basic	$	(16,172)	$	(18,624)
Net loss attributable to common stockholders, diluted	$	(16,172)	$	(18,624)
Denominator:
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, basic	12,534		11,994
Weighted-average number of shares used to compute net loss per share attributable to common stockholders, diluted	12,534		11,994
Net loss per share attributed to common stockholders:
Basic	$	(1.29)	$	(1.55)
Diluted	$	(1.29)	$	(1.55)

The following potentially dilutive shares (in thousands) were excluded from the calculation of diluted shares outstanding as the effect would have been anti-dilutive(1):

	Three Months Ended March 31,
	2025	2024
Warrants to purchase common stock(2)	203	219
Private Placement Warrants	492	492
Common stock subject to repurchase	7	25
Outstanding options	468	494
Restricted stock units	611	1,025
Total	1,781	2,255

(1) Amounts have been adjusted to reflect the reverse stock split that became effective on April 14, 2025. Refer to Note 2, "Summary of Significant Accounting Policies" and Note 13, "Subsequent Events" for further information about the reverse stock split.

(2)    Warrants to purchase common stock includes the December 2023 Warrants and common stock warrants. See Note 8, "Warrants", for additional information.