Net Loss Per Common Share

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Earnings Per Share [Abstract]

Net Loss Per Common Share

Note 10. Net Loss Per Common Share

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
Numerator:
Net loss	$	(32,011	)	$	(11,312	)	$	(52,968	)	$	(30,005	)
Denominator:
Weighted average shares used to compute basic and diluted net loss per share		155,923,689			19,138,365			106,070,590			13,452,766
Net loss per common share—basic and diluted	$	(0.21	)	$	(0.59	)	$	(0.50	)	$	(2.23	)

The shares and net loss per common share, prior to the Merger, have been retroactively restated as shares reflecting the exchange ratio of approximately 0.703 shares of the Company per one share of OTI as established in the Merger Agreement.

The weighted average number of shares used to compute basic and diluted net loss per share excludes unvested early exercised common stock options subject to repurchase.

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive:​​​​​​​

	As of June 30,
	2021		2020
Redeemable convertible preferred stock		—		44,217,377
Options to purchase common stock		25,218,265		1,423,911
Unvested RSA		29,110		19,390
Restricted stock units		2,588,629		—
Unvested early exercised common stock options		2,756,906		57,874
Vested and early exercised options subject to nonrecourse notes		2,172,238		—
Preferred stock warrants		—		4,443,862
Public and private common stock warrants		15,999,996		—
Total		48,765,144		50,162,414

Note 13. Net Loss Per Common Share

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

	Year Ended December 31,
	2019			2020
Numerator:
Net loss	$	(51,661	)	$	(106,780	)
Denominator:
Weighted average shares used to compute basic and diluted net loss per share		7,390,456			17,858,976
Net loss per common share—basic and diluted	$	(6.99	)	$	(5.98	)

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive:

	Year Ended December 31,
	2019		2020
Redeemable convertible preferred stock		4,384,348		88,434,754
Options to purchase common stock		1,599,645		25,732,503
Unvested RSA		34,865		146,675
Unvested early exercised common stock options		120,984		6,212,254
Vested and early exercised options subject to nonrecourse notes		—		2,151,100
Preferred stock warrants		37,285		4,443,862
Total		6,177,127		127,121,148