Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

v3.23.1
LOSS PER SHARE
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
LOSS PER SHARE

 

15. LOSS PER SHARE

 

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

March 31,

 
    2023     2022  
Numerator:            
Net loss   $ (20,889 )     (29,738 )
                 
Denominator - basic and diluted:                
Weighted average common shares outstanding     74,473,741       72,335,952  
                 
Loss per share - basic and diluted   $ (0.28 )     (0.41 )

 

The following table sets forth the amounts excluded from the computation of diluted net loss per share as of March 31, 2023 and 2022, because their effect was anti-dilutive.

 

               
    March 31,  
    2023     2022  
Stock options outstanding     7,766,234       6,144,473  
Non-vested shares of restricted stock     3,830,932       3,970,385  
Warrants(a)     21,145,000       21,145,000  
Convertible notes(a)     9,729,163       9,729,163  

 

 
(a) The Convertible Notes and warrants referred to in Notes 10 and 13 were also excluded on an as converted basis because their effect would have been anti-dilutive.