Net Loss Per Share of Common Stock

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Net Loss Per Share of Common Stock

Net Loss Per Share of Common Stock

The table below summarizes the computation of basic and diluted net loss per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands, except share and per share data)
Net loss	$	(15,872)	$	(9,474)	$	(42,095)	$	(34,718)
Weighted-average shares used to compute basic and diluted net loss per share	33,340,093		28,713,418		33,005,904		28,155,561
Net loss per share, basic and diluted	$	(0.48)	$	(0.33)	$	(1.28)	$	(1.23)

Because the Company has reported a net loss in all periods presented, outstanding stock options, restricted stock units, shares subject to repurchase, ESPP purchase rights and common stock warrants are anti-dilutive and therefore diluted net loss per common share is the same as basic net loss per common share for the periods presented. The following anti-dilutive common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2021	2020	2021	2020
Stock options	2,063,739	2,504,349	2,063,739	2,504,349
Restricted stock units	1,597,209	1,250,173	1,597,209	1,250,173
Shares subject to repurchase	—	7,784	—	7,784
ESPP purchase rights	34,070	138,950	34,070	138,950
Common stock warrants	118,122	118,122	118,122	118,122
	3,813,140	4,019,378	3,813,140	4,019,378