| Net Loss Per Share |
3. Net Loss Per Share
The following tables summarize the computation of the basic and diluted net loss per share (in thousands except share and per share data):
|
|
|
Year Ended December 31, |
|
|
|
|
2020 |
|
|
2019 |
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(91,361 |
) |
|
$ |
(21,076 |
) |
|
Denominator: |
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding |
|
|
16,918,664 |
|
|
|
1,712,639 |
|
|
Less: weighted average unvested common stock
issued upon early exercise of common stock options |
|
|
(112,402 |
) |
|
|
(165,589 |
) |
|
Less: weighted average unvested founder shares
of common stock |
|
|
— |
|
|
|
(84,539 |
) |
|
Weighted average shares used to compute net loss
per share, basic and diluted |
|
|
16,806,262 |
|
|
|
1,462,511 |
|
|
Net loss per share, basic and diluted |
|
$ |
(5.44 |
) |
|
$ |
(14.41 |
) |
The following table summarizes the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive:
|
|
|
December 31, |
|
|
|
|
2020 |
|
|
2019 |
|
|
Common stock options |
|
|
3,640,715 |
|
|
|
2,329,516 |
|
|
Unvested common stock upon early exercise of common stock options |
|
|
77,393 |
|
|
|
132,249 |
|
|
Convertible preferred stock |
|
|
— |
|
|
|
7,374,034 |
|
|
|
|
|
3,718,108 |
|
|
|
9,835,799 |
|
|