Net loss per share

9 Months Ended

Sep. 30, 2022

7. Net loss per share

Basic and diluted net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding. Potentially dilutive securities were excluded from the diluted calculation because their effect would be anti-dilutive.

The following tables set forth the computation of basic and diluted net loss per share:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Numerator
Net loss	$	(109,315)		$	(133,624)		$	(388,128)		$	(380,636)
Denominator
Denominator for basic and diluted net loss per share		71,654,671			70,585,938			71,415,849			70,397,846
Net loss per share:
Basic and diluted	$	(1.53)	*	$	(1.89)	*	$	(5.43)	*	$	(5.41)	*

* In the three and nine months ended September 30, 2022 and 2021, the Company experienced a net loss and therefore did not report any dilutive share impact.

The following table shows historical dilutive common share equivalents outstanding, which are not included in the above historical calculation, as the effect of their inclusion is anti-dilutive during each period.


	As of September 30,
	2022	2021
Stock Options	11,478,421	10,882,081
Unvested restricted stock awards and units	2,488,944	1,536,265
Total	13,967,365	12,418,346