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

9. Net Loss per Share

Net Loss per Share Attributable to Common Stockholders

 

The following table sets forth the computation of basic and diluted net loss per share for the three months ended June 30, 2022 and 2021 (in thousands, except share and per share amounts):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net loss attributable to common stockholders—basic
   and diluted

 

$

(15,261

)

 

$

(12,540

)

 

$

(32,145

)

 

$

(23,590

)

Net loss per share attributable to common
   stockholders—basic and diluted

 

$

(0.38

)

 

$

(0.53

)

 

$

(1.01

)

 

$

(1.01

)

Weighted-average common shares and pre-funded warrants outstanding—basic
   and diluted

 

 

39,703,550

 

 

 

23,490,591

 

 

 

31,739,197

 

 

 

23,460,218

 

The Company has generated a net loss in all periods presented, therefore the basic and diluted net loss per share attributable to common stockholders are the same as the inclusion of the potentially dilutive securities would be anti-dilutive. Since the shares underlying the 3,523,013 pre-funded warrants are issuable for little or no consideration, they are considered outstanding for both basic and diluted earnings 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:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Options to purchase common stock

 

 

4,740,444

 

 

 

3,396,111

 

 

 

4,740,444

 

 

 

3,396,111

 

Shares withheld under the ESPP

 

 

24,260

 

 

 

 

 

 

24,260

 

 

 

 

 

 

 

4,764,704

 

 

 

3,396,111

 

 

 

4,764,704

 

 

 

3,396,111