Net Loss Per Share

12 Months Ended

Dec. 31, 2022

Note 9. Net Loss Per Share

The following table sets forth the computation of the basic and diluted net loss per share (in thousands except share and per share data):


	Year Ended December 31,
	2022			2021			2020
Numerator:
Net loss	$	(81,828	)	$	(41,567	)	$	(5,324	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		29,271,777			23,858,552			10,532,942
Net loss per share, basic and diluted	$	(2.80	)	$	(1.74	)	$	(0.51	)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all common stock equivalents outstanding would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:


	December 31,
	2022		2021		2020
Series A convertible preferred stock		—		—		7,064,925
Stock options, issued and outstanding		5,341,975		4,254,504		—
Estimated shares issuable under the employee stock purchase plan		17,655		6,542		—
Restricted stock, issued and outstanding		292,236		493,914		749,835
Total		5,651,866		4,754,960		7,814,760