Net Loss Per Share

6 Months Ended

Jun. 30, 2021

NET LOSS PER SHARE

The following table summarizes the computation of basic and diluted net loss per share of the Company for the three and six months ended June 30, 2021 and 2020:


	Three months ended June 30,				Six months ended June 30,
	2021		2020		2021		2020
	(in thousands, except share and per share amounts)				(in thousands, except share and per share amounts)
Net loss	$	(29,055)	$	(8,579)	$	(55,141)	$	(15,574)
Weighted-average common stock outstanding, basic and diluted	54,506,195		5,833,946		54,330,402		5,764,389
Net loss per share, basic and diluted	$	(0.53)	$	(1.47)	$	(1.01)	$	(2.70)

The Company’s potentially dilutive securities, which include options to purchase shares of the Company's common stock and restricted stock subject to future vesting, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential shares of common stock, presented based on amounts outstanding at each stated 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:


	June 30, 2021	June 30, 2020
Stock options to purchase common stock	5,619,311	2,236,460
Early exercised stock options subject to future vesting	1,279,177	1,286,008
Restricted stock awards subject to future vesting	190,975	161,415
Restricted stock units subject to future vesting	895,071	—
Convertible preferred stock	—	22,687,625
Expected shares to be purchased under Employee Stock Purchase Plan	81,361	—
Total	8,065,895	26,371,508