Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.22.1
Net Loss Per Share
 3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

10. Net Loss Per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands, except share and per share amounts)

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(39,110

)

 

$

(30,359

)

Denominator:

 

 

 

 

 

 

Shares used in computing net loss per share

 

 

46,499,602

 

 

 

45,907,590

 

Net loss per share, basic and diluted

 

$

(0.84

)

 

$

(0.66

)

The following common stock equivalents were excluded from the computation of diluted net loss per share for the period ended March 31, 2022 and 2021, because including them would have been antidilutive:

 

 

 

As of March 31,

 

 

 

2022

 

 

2021

 

Common stock options issued and outstanding

 

 

7,243,696

 

 

 

6,118,376

 

Restricted stock units issued and outstanding

 

 

3,675,945

 

 

 

1,934,501

 

Warrants to purchase common stock

 

 

127,616

 

 

 

153,070

 

Employee stock purchase plan

 

 

15,212

 

 

 

4,556

 

Total

 

 

11,062,469

 

 

 

8,210,503