Net Loss Per Share of Common Stock

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
	(in thousands, except share and per share data)
Net loss	$	(14,158)	$	(15,872)	$	(50,081)	$	(42,095)
Weighted-average shares used to compute basic and diluted net loss per share	34,356,850		33,340,093		34,069,357		33,005,904
Net loss per share, basic and diluted	$	(0.41)	$	(0.48)	$	(1.47)	$	(1.28)

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,
	2022	2021	2022	2021
Stock options	1,921,065	2,063,739	1,921,065	2,063,739
Restricted stock units	2,182,030	1,597,209	2,182,030	1,597,209
ESPP purchase rights	59,688	34,070	59,688	34,070
Common stock warrants	118,122	118,122	118,122	118,122
	4,280,905	3,813,140	4,280,905	3,813,140