Annual report pursuant to Section 13 and 15(d)

NET LOSS PER SHARE

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NET LOSS PER SHARE
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

 

20. 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):

 

               
    Years Ended
December 31,		  
    2022     2021  
Numerator:                
Net loss   $ (85,382 )   $ (70,526 )
                 
Denominator – basic and diluted:                
Weighted average common shares outstanding     72,782,773       64,509,718  
                 
Net loss per share – basic and diluted   $ (1.17 )   $ (1.09 )

 

The following table sets forth the amounts excluded from the computation of diluted net loss per share because their effect was anti-dilutive.

 

               
    December 31,  
    2022     2021  
Stock options outstanding(a)     7,812,178       5,489,492  
Non-vested RSUs and RSAs     4,267,746       3,314,715  
Warrants(b)     -       -  
Convertible Notes(b)     -       -  

 

 
(a) If the Company had reported net income, the calculation of these per share amounts would have included the dilutive effect of these Common Stock equivalents using the treasury stock method for stock options.
(b) The Convertible Notes and Warrants referred to in Notes 13 and 17, respectively, were also excluded on an as converted basis because their effect would have been anti-dilutive.