| Net (loss) income per share |
10. Net (loss) income per share The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net (loss) income per share because to include them would be anti-dilutive: | | | | | | | | | | | As of March 31, | | | | | 2024 | | | 2023 | | Unvested restricted common stock awards | | | 22,500 | | | 45,000 | | Unvested restricted common stock units | | | 1,719,338 | | | 1,336,159 | | Outstanding stock options | | | 8,909,596 | | | 7,360,745 | | Total | | | 10,651,434 | | | 8,741,904 | |
Basic net (loss) income and diluted weighted-average shares outstanding are as follows for the three months ended March 31, 2024 and 2023: | | | | | | | | | | Three Months Ended March 31, | | | | 2024 | | 2023 | | | | | | | Numerator: | | | | | | | | Net (loss) income (in thousands) | | $ | (11,330) | | $ | 124,044 | | Denominator for basic net (loss) income per share: | | | | | | | | Weighted average shares outstanding-basic | | | 57,117,046 | | | 40,632,087 | | Denominator for diluted net (loss) income per share: | | | | | | | | Weighted average shares outstanding-basic | | | 57,117,046 | | | 40,632,087 | | Common stock options and restricted stock units | | | — | | | 1,529,239 | | Weighted average shares outstanding-diluted | | | 57,117,046 | | | 42,161,326 | | | | | | | | | | Net (loss) income per share, basic: | | $ | (0.20) | | $ | 3.05 | | Net (loss) income per share, diluted: | | $ | (0.20) | | $ | 2.94 | |
The pre-funded warrants issued in connection with the underwritten public offering discussed in Note 11 are included in basic and diluted weighted average shares outstanding for the three months ended March 31, 2024.
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