Note 11 - Net Loss Per Share

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 11.  Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except share and per share amounts):

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Net loss	$	(29,430	)	$	(16,116	)	$	(54,531	)	$	(32,123	)
Shares used to compute net loss per share – basic and diluted		126,428,298			120,925,570			126,111,777			118,174,099
Net loss per share – basic and diluted	$	(0.23	)	$	(0.13	)	$	(0.43	)	$	(0.27	)

No adjustment has been made to the net loss in the three and six months ended June 30, 2022 or 2021, as the effect would be anti-dilutive due to the net loss.

The following potentially dilutive securities were excluded from the computation of diluted weighted average shares outstanding because they would have been antidilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Options to purchase common stock		13,873,456		7,733,353		12,388,584		7,286,414
Restricted stock units		389,638		—		200,277		—
Warrants to purchase common stock		227,599		390,010		230,016		686,780
Total potentially dilutive securities excluded from denominator of the diluted earnings per share computation		14,490,693		8,123,363		12,818,877		7,973,194