Net Loss Per Share

6 Months Ended

Jun. 30, 2023

13.

Net Income (Loss) Per Share

The following table summarizes the computation of basic and diluted net income (loss)

per share:


	Three Months Ended June 30,					Six Months Ended June 30,
	2023		2022			2023			2022
	(in thousands, excepts per share amounts)
Numerator:
Net income (loss) attributable to Kineta, Inc.	$	386	$	(5,878	)	$	(6,065	)	$	(10,854	)
Denominator:
Weighted-average common shares outstanding, basic and diluted(1)		9,939		4,795			9,339			4,766
Net income (loss) per share, basic and diluted	$	0.04	$	(1.23	)	$	(0.65	)	$	(2.28	)

(1) Included in the denominator were 640,000 and 506,000 weighted-average shares of common stock warrants for the three and six months ended June 30, 2023, respectively, with exercise prices that ranged from $0.001 to $0.14. Included in the denominator were 146,000 weighted-average shares of common stock warrants for the three and six months ended June 30, 2022 with an exercise price of $0.14.

The following outstanding potentially dilutive common stock equivalents were excluded from the computation of diluted net income (loss) per share as of the periods presented because including them would have been antidilutive:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands)
Common stock options		1,959		737		1,959		737
Unvested restricted stock subject to repurchase		10		170		10		170
Warrants to purchase common stock		1,631		128		1,631		128
Vested restricted stock subject to recall		56		56		56		56
Convertible notes, if converted		—		594		—		594
Total		3,656		1,685		3,656		1,685

Defined Contribution Plan

The Company sponsors a 401(k) Plan whereby all employees are eligible to participate in the 401(k) Plan after meeting certain eligibility requirements. Participants may elect to have a portion of their salary deferred and contributed to the 401(k) plan, subject to certain limitations. The Company provided matching contributions of $29,000 for the three months ended June 30, 2023 and $69,000 for the six months ended June 30, 2023. The Company provided matching contributions of $26,000 for the three months ended June 30, 2022 and $67,000 for the six months ended June 30, 2022.