Net Loss Per Share of Common Stock

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Net Loss Per Share of Common Stock

Net Loss Per Share of Common Stock

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

	Year Ended December 31,
	2022		2021
	(in thousands, except share and per share data)
Net loss	$	(61,256)	$	(56,572)
Weighted-average shares used to compute basic and diluted net loss per share	34,201,824		33,145,930
Net loss per share, basic and diluted	$	(1.79)	$	(1.71)

Because the Company has reported a net loss in all periods presented, outstanding stock options, restricted stock units, 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:

	Year Ended December 31,
	2022	2021
Stock options	1,903,341	2,009,513
Restricted stock units	1,950,524	1,566,522
ESPP purchase rights	134,226	61,264
Common stock warrants	118,122	118,122
	4,106,213	3,755,421