Net Loss per Share (Tables)

6 Months Ended

Jun. 30, 2025

Shares Not Included in Computation of Diluted Net Loss Per Share

The following shares were not considered in the computation of diluted net loss per share because their effect was anti-dilutive (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Shares issuable under the Equity Incentive Plan and ESPP(1)	13,516	12,893	13,516	12,893
Warrants(2)	424	424	424	424
Total potentially dilutive securities	13,940	13,317	13,940	13,317

(1) Included anti-dilutive potential common shares from ESPP of 688,219 and 604,997 for the three and six months ended June 30, 2025 and 2024, respectively.

(2) Pertains to the warrants issued in connection with the Innovatus Loan. For additional information, see Note 11, “Debt.”