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Net Loss Per Share Attributable to Common Stockholders
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

12. Net loss per share attributable to common stockholders

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company:

 

 

 

Year ended December 31,

 

(in thousands, except share and per share amounts)

 

2021

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss attributable to common stockholders

 

$

(120,314

)

 

$

(45,704

)

 

$

(19,297

)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of common shares, basic and diluted

 

 

26,872,036

 

 

 

2,250,093

 

 

 

1,277,156

 

Net loss per common share attributable to common stockholders, basic and diluted

 

$

(4.48

)

 

$

(20.31

)

 

$

(15.11

)

 

The Company’s potential dilutive securities, which include convertible preferred stock, unvested restricted stock and common stock options, have been excluded from the computation of diluted net loss per share as the effects would be anti-dilutive. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at period end, from the computation of diluted net loss per share attributable to common stockholders for the period indicated because including them would have had an anti-dilutive effect:

 

 

 

Year ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Convertible preferred stock

 

 

 

 

 

19,387,544

 

 

 

5,553,367

 

Unvested restricted stock

 

 

 

 

 

537,633

 

 

 

1,075,268

 

Unvested restricted stock units

 

 

32,000

 

 

 

 

 

 

 

Outstanding options to purchase common stock

 

 

6,119,295

 

 

 

3,888,823

 

 

 

1,933,507

 

Total

 

 

6,151,295

 

 

 

23,814,000

 

 

 

8,562,142

 

 

As part of the license agreements with Harvard and Broad, the Company is required to make success payments. The Company may elect to make these payments by issuing shares of the Company's common stock. As of December 31, 2021, an aggregate of $6.3 million was earned relating to these success payments, which the Company settled in cash in November 2021.