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Net Loss Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

8. Net Loss Per Share

Basic and diluted net loss per common share was calculated as follows (in thousands, except share and per share amounts):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

(34,927

)

 

$

(16,549

)

 

$

(65,561

)

 

$

(28,277

)

Net loss attributable to common stockholders

$

(34,927

)

 

$

(16,549

)

 

$

(65,561

)

 

$

(28,277

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic
   and diluted

 

49,388,936

 

 

 

38,441,729

 

 

 

47,259,261

 

 

 

36,670,353

 

Net loss per common share, basic and diluted

$

(0.71

)

 

$

(0.43

)

 

$

(1.39

)

 

$

(0.77

)

 


 

The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be anti-dilutive and would result in a reduction to net loss per share. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share attributable to common stockholders for the periods indicated above because including them would have had an anti-dilutive effect:

 

 

 

June 30,

 

 

 

2022

 

 

2021

 

Stock options to purchase common stock

 

 

12,510,099

 

 

 

7,751,368

 

Series A Preferred Stock

 

 

21,844,750

 

 

 

25,822,250

 

 

 

 

34,354,849

 

 

 

33,573,618

 

 

In accordance with ASC Topic 260, Earnings Per Share, the 3,030,302 pre-funded warrants are included in the computation of basic and diluted net loss per share because the exercise price is negligible ($0.01 per share) and they are fully vested and exercisable at any time after the original issuance date.