Net loss per share (Tables)

9 Months Ended

Sep. 30, 2024

Net loss per share

Schedule of basic and diluted Net loss per share attributable to common stockholders

The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders (in thousands, except for share and per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2024		2023		2024		2023
Numerator:
Net loss	$	(13,841)	$	(19,066)	$	(18,553)	$	(56,762)
Denominator:
Weighted-average common shares outstanding, basic and diluted		9,894,974		8,395,011		9,894,974		6,793,358
Weighted-average Series A convertible preferred shares outstanding, basic and diluted, presented as if converted into common stock(1)		37,000		37,000		37,000		99,218
Weighted-average Series A-1 convertible preferred shares outstanding, basic and diluted, presented as if converted into common stock(1)		1,080,000		1,080,000		1,080,000		1,310,769
Weighted-average Series A-2 convertible preferred shares outstanding, basic and diluted, presented as if converted into common stock(1)		1,526,800		1,526,800		1,526,800		654,343
Total number of shares used to calculate net loss per share, basic and diluted		12,538,774		11,038,811		12,538,774		8,857,688
Net loss per share, basic and diluted	$	(1.10)	$	(1.73)	$	(1.48)	$	(6.41)

⁽¹⁾ Class A common stock and Series A, Series A-1 and Series A-2 convertible preferred stock are participating securities that have substantially the same terms and features as the Company’s common stock. The Class A common stock and Series A, Series A-1 and Series A-2 convertible preferred stock are therefore included in the weighted-average number of shares outstanding to calculate net loss per share, basic and diluted as if converted into common stock. Each ten shares of Class A common stock and each share of Series A, Series A-1 and Series A-2 convertible preferred stock is independently convertible into one and 100 shares of common stock, respectively. In the three and nine months ended September 30, 2024, 239,952 shares of the Company’s common stock were issuable upon conversion of the Class A common stock, 37,000 shares of the Company’s common stock were issuable upon conversion of Series A convertible

preferred stock, 1,080,000 shares of the Company’s common stock were issuable upon conversion of Series A-1 convertible preferred stock and 1,526,800 shares of the Company’s common stock were issuable upon conversion of Series A-2 convertible preferred stock (see Note 11).

Schedule of potentially dilutive securities that were not included in the diluted per share calculations

	Three and nine months ended September 30,
	2024	2023
Options issued and outstanding	1,078,141	836,221
Unvested restricted stock units	178,570	—
Total	1,256,711	836,221