Net Loss per Share

6 Months Ended

Jun. 30, 2023

Basic and diluted net loss per common share attributable to common stockholders was calculated as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands, except share and per share amounts)	2023		2022		2023		2022
Numerator:
Net loss	$	(42,385)	$	(29,348)	$	(81,782)	$	(53,188)

Cumulative dividend on preferred stock	—		(6,293)		—		(12,517)
Net loss attributable to common stockholders	$	(42,385)	$	(35,641)	$	(81,782)	$	(65,705)
Denominator:
Weighted-average common shares outstanding, basic and diluted	90,467,298		20,227,343		89,769,970		19,871,750
Net loss per share attributable to common stockholders, basic and diluted	$	(0.47)	$	(1.76)	$	(0.91)	$	(3.31)

Diluted net loss per share available to common stockholders was computed by giving effect to all potentially dilutive common stock equivalents outstanding for the period. For purposes of this calculation, preferred stock, unvested restricted stock and stock options to purchase common stock were considered common stock equivalents but had been excluded from the calculation of diluted net loss per share available to common stockholders as their effect was anti-dilutive. In periods in which the Company reports a net loss available to common stockholders, diluted net loss per share available to common stockholders is the same as basic net loss per share available to common stockholders, since dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.

The following common stock equivalents were excluded from the calculation of diluted net loss per share applicable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:


	As of June 30,
	2023	2022
Anti-dilutive common stock equivalents:
Stock Options to purchase common stock	7,325,808	3,593,533
Unvested restricted common stock	6,140,806	11,995,985
Convertible preferred stock (as converted to common stock)	—	51,923,764
Total anti-dilutive common stock equivalents:	13,466,614	67,513,282