Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.22.2.2
NET LOSS PER SHARE
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

 

16. NET LOSS PER SHARE

 

Net loss per share is computed using the weighted average number of shares of Common Stock outstanding less the number of shares subject to repurchase.

 

The following table sets forth the computation of basic and diluted net loss per share for the periods indicated (in thousands, except share data):

 

                               
   

Three Months Ended
September 30,

   

Nine Months Ended
September 30,

 
    2022     2021     2022     2021  
Numerator:                                
Net loss   $ (23,314 )   $ (26,953 )   $ (74,069 )   $ (50,920 )
                                 
Denominator - basic and diluted:                                
Weighted average common shares outstanding     72,572,138       66,276,223       72,415,546       61,923,661  
                                 
Net loss per share - basic and diluted   $ (0.32 )   $ (0.41 )   $ (1.02 )   $ (0.82 )

 

The following table sets forth the amounts excluded from the computation of diluted net loss per share as of September 30, 2022 and 2021 because their effect was anti-dilutive.

 

               
    September 30,  
    2022     2021  
Stock options outstanding     7,931,652       5,773,428  
Non-vested shares of restricted stock     6,360       345,471  
Warrants(a)     -       -  
Convertible notes(a)     -       -  

 

 
(a) The Convertible Notes and warrants referred to in Notes 11 and 14 were also excluded on an as converted basis because their effect would have been anti-dilutive.