| Computation of Basic and Diluted Net Loss per Share |
The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders (in thousands except for share and per share data):
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Three months ended
June 30, |
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For the Six Months
Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Numerator: |
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Net loss |
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$ |
(21,563 |
) |
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$ |
(13,581 |
) |
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$ |
(34,491 |
) |
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$ |
(26,573 |
) |
Denominator: |
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Weighted-average shares of common stock outstanding used to compute net loss per share attributable to common stockholders,
basic and diluted |
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35,850,037 |
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1,711,005 |
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35,850,037 |
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1,692,238 |
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Net loss per share attributable to common stockholders, basic and diluted: |
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$ |
(0.60 |
) |
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$ |
(7.94 |
) |
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$ |
(0.96 |
) |
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$ |
(15.70 |
) |
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| Computation of Potentially Dilutive Securities Outstanding Excluded from Computation of Diluted Shares |
The Company’s potentially dilutive securities have been excluded from the computation of diluted net loss per share attributable to common stockholders as the effect would be antidilutive. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
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June 30,
2025 |
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June 30,
2024 |
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Series A-1 redeemable convertible preferred stock on an as if converted basis |
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— |
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1,065,172 |
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Series A-2 redeemable convertible preferred stock on an as if converted basis |
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— |
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660,615 |
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Series A-3 redeemable convertible preferred stock on an as if converted basis |
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— |
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45,673 |
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Series A-4 redeemable convertible preferred stock on an as if converted basis |
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— |
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6,194 |
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Series B redeemable convertible preferred stock on an as if converted basis |
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— |
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1,670,599 |
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Series C redeemable convertible preferred stock on an as if converted basis |
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— |
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3,602,572 |
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Series D redeemable convertible preferred stock on an as if converted basis |
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— |
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11,139,995 |
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Series D-1 redeemable convertible preferred stock on an as if converted basis |
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— |
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2,663,812 |
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Stock options, issued and outstanding |
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8,047,827 |
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4,522,711 |
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Warrants to purchase common stock |
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31,690 |
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31,690 |
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Total |
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8,079,517 |
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25,409,033 |
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