v3.24.3
Net Loss Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share

8. Net Loss Per Share

Net loss per share

The following table sets forth the computation of the basic and diluted net loss per share for the three and nine months ended September 30, 2024 and 2023 (in thousands, except share and per share data):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(18,432

)

 

$

(31,371

)

 

$

(76,616

)

 

$

(85,922

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used to compute net loss per share, basic and diluted

 

 

38,903,476

 

 

 

38,358,032

 

 

 

38,800,528

 

 

 

38,322,773

 

Net loss per share, basic and diluted

 

$

(0.47

)

 

$

(0.82

)

 

$

(1.97

)

 

$

(2.24

)

For the three and nine months ended September 30, 2024 and 2023, 4,000,000 pre-funded warrants to purchase the Company’s shares of common stock, issued in the May 2022 private placement financing, were included on a weighted average basis in the basic and diluted net loss per share calculation. As of September 30, 2024, all the pre-funded warrants issued in the private placement financing were outstanding.

Potential dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

 

 

As of September 30,

 

 

 

2024

 

 

2023

 

Stock options issued and outstanding under the 2019 Plan and 2015 Stock Plan

 

 

5,217,120

 

 

 

4,080,049

 

Estimated shares issuable under the 2019 ESPP

 

 

20,783

 

 

 

26,319

 

RSUs subject to future vesting

 

 

—

 

 

 

13,500

 

Total

 

 

5,237,903

 

 

 

4,119,868