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Net Loss Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share

11. Net Loss per Share

Basic and diluted net loss per share is computed by dividing net loss attributable to common stockholders by the weighted-average number of common stock and pre-funded warrants outstanding during the period without consideration of common stock equivalents. For periods in which the Company generated a net loss, the Company does not include the potential impact of dilutive securities in diluted net loss per share, as the impact of these items is anti-dilutive.

The following equity instruments were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:

 

 

 

Six months ended June 30,

 

 

 

2024

 

 

2023

 

Awards under equity incentive plan

 

 

9,735,019

 

 

 

8,530,680

 

Non-vested restricted shares and restricted stock units

 

 

3,560,125

 

 

 

2,388,625

 

Warrants to purchase common stock(*)

 

 

77,793

 

 

 

77,793

 

Total

 

 

13,372,937

 

 

 

10,997,098

 

* Pre-funded warrants are excluded herein.

The following table calculates basic earnings per share of common stock and diluted earnings per share of common stock for the three and six months ended June 30, 2024 and 2023 (in thousands, except share and per share amounts):

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net loss

 

$

(22,243

)

 

$

(11,443

)

 

$

(42,589

)

 

$

(22,000

)

Net loss attributable to common
   stockholders

 

 

(22,243

)

 

 

(11,443

)

 

 

(42,589

)

 

 

(22,000

)

Undistributed earnings and net loss
   attributable to common stockholders,
   basic and diluted

 

 

(22,243

)

 

 

(11,443

)

 

 

(42,589

)

 

 

(22,000

)

Weighted-average common shares
   outstanding, basic and diluted

 

 

182,584,078

 

 

 

152,796,617

 

 

 

182,567,091

 

 

 

152,778,031

 

Basic and diluted EPS

 

$

(0.12

)

 

$

(0.07

)

 

$

(0.23

)

 

$

(0.14

)