v3.22.2.2
Net Loss Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

10. Net Loss Per Share

Net loss per share

The following table sets forth the computation of the basic and diluted net loss per share for the three and nine months ended September 30, 2022 and 2021 (in thousands, except share and per share data):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(21,235

)

 

$

(18,651

)

 

$

(60,887

)

 

$

(51,275

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used to compute net loss per
   share, basic and diluted

 

 

33,684,261

 

 

 

29,491,857

 

 

 

31,481,948

 

 

 

26,663,209

 

Net loss per share, basic and diluted

 

$

(0.63

)

 

$

(0.63

)

 

$

(1.93

)

 

$

(1.92

)

For the three and nine months ended September 30, 2022, 4,000,000 pre-funded warrants to purchase the Company's shares of common stock, issued in the May 2022 PIPE financing (see Note 8), were included in the basic and diluted net loss per share calculation.

Potential dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

 

 

As of September 30,

 

 

 

2022

 

 

2021

 

Stock options issued and outstanding under the 2019
   Equity Incentive Plan and 2015 Stock Plan

 

 

2,972,047

 

 

 

1,982,298

 

Estimated shares issuable under the 2019 ESPP

 

 

17,650

 

 

 

23,569

 

RSUs subject to future vesting

 

 

27,000

 

 

 

40,500

 

Total

 

 

3,016,697

 

 

 

2,046,367