Net Loss Per Share

3 Months Ended

Mar. 31, 2024

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period.

The net loss per share for the three months ended March 31, 2024 reflects the increase in shares outstanding related to the November 2023 issuance of 9,791,832 shares of common stock in an underwritten public offering, including the subsequent partial exercise of the underwriters’ over-allotment option, 919,413 shares of common stock sold under our at-the-market offering in June 2023, and the issuance of 7,605,550 shares of common stock resulting from warrants exercised during 2023

and through March 31, 2024. The increase in the number of shares outstanding impacts the comparability of our net loss per share for each period.

The common stock issuable upon the conversion or exercise of the following dilutive securities has been excluded from the diluted net loss per share calculation because their effect would have been anti-dilutive. Diluted net loss per share, therefore, is the same as basic net loss per share for the periods presented.


	March 31,
	2024	2023
	(unaudited)
Warrants to purchase common stock	2,943,918	7,129,921
Stock options and restricted stock units outstanding	9,108,538	8,694,253
Total	12,052,456	15,824,174