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Net loss per share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net loss per share

11. Net loss per share

Basic and diluted net loss per share attributable to common stockholders was calculated as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

 

(72,705

)

 

$

 

(39,659

)

 

$

(182,036

)

 

$

 

(96,573

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic and diluted

 

 

 

69,442,136

 

 

 

 

55,613,120

 

 

 

65,982,798

 

 

 

 

51,506,766

 

Net loss per share, basic and diluted

 

$

 

(1.05

)

 

$

 

(0.71

)

 

$

(2.76

)

 

$

 

(1.87

)

 

The Company’s potentially dilutive securities, which include stock options, warrants and unvested restricted stock units, 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 common shares 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 each 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:

 

 

 

Three and Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

Options to purchase common stock

 

 

7,296,394

 

 

 

5,750,601

 

Unvested restricted stock units

 

 

536,717

 

 

 

142,498

 

Warrants to purchase common stock

 

 

64,257

 

 

 

45,898

 

Warrants available for future grant

 

 

211,137

 

 

 

137,700

 

 

 

8,108,505

 

 

 

6,076,697