Net Loss Per Share

3 Months Ended

Mar. 31, 2024

9. Net loss per share

The following table summarizes the computation of basic and diluted net loss per share of the Company (in thousands except share and per share amounts):


	Three Months Ended March 31,
	2024			2023
Numerator:
Net loss	$	(26,374	)	$	(22,545	)
Denominator:
Weighted-average number of common shares, basic and diluted		46,246,889			42,536,474
Net loss per share, basic and diluted	$	(0.57	)	$	(0.53	)

The Company’s potential dilutive securities, which include common stock options, RSUs, PSUs, and ESPP purchase rights, have been excluded from the computation of diluted net loss per share as the effect would be anti-dilutive. Therefore, the weighted average number of shares of the Company’s common stock outstanding used to calculate both basic and diluted net loss per share is the same.

The Company excluded the following potential common shares, presented based on amounts outstanding at period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:


	March 31,
	2024		2023
Outstanding options to purchase common stock		7,439,396		9,260,264
Restricted stock units		2,410,752		786,600
Total		9,850,148		10,046,864