Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

v3.23.1
Net Loss Per Share Attributable to Common Stockholders
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

12. Net Loss Per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders, which excludes shares which are legally outstanding, but subject to repurchase by the Company (in thousands, except share and per share amounts):

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(23,934

)

 

$

(25,835

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

58,208,588

 

 

 

58,010,823

 

Less: weighted-average unvested restricted shares and shares subject to repurchase

 

 

(2,344,113

)

 

 

(4,005,524

)

Weighted-average shares used to compute basic and diluted net loss per share attributable to common stockholders

 

 

55,864,475

 

 

 

54,005,299

 

Net loss per share attributable to common stockholders — basic and
   diluted:

 

$

(0.43

)

 

$

(0.48

)

Anti-dilutive Outstanding Shares or Equivalents

The following outstanding options, unvested shares, and ESPP shares were excluded (as common stock equivalents) from the computation of diluted net loss per common share for the periods presented as their effect would have been anti-dilutive (in thousands):

 

 

 

Three Months Ended
March 31,

 

 

 

2023

 

 

2022

 

Options to purchase common stock

 

 

9,840,427

 

 

 

6,994,758

 

Common stock subject to vesting or repurchase

 

 

2,230,389

 

 

 

4,295,744

 

Employee Stock Purchase Plan shares

 

 

156,263

 

 

 

97,621

 

Total

 

 

12,227,079

 

 

 

11,388,123