Annual report pursuant to Section 13 and 15(d)

Net Loss per Share

v3.24.0.1
Net Loss per Share
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net Loss per Share
13.
Net Loss per Share

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders:

 

 

 

Years Ended December 31,

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(63,956

)

 

$

(89,411

)

Denominator:

 

 

 

 

 

 

Weighted-average shares used in computing basic and diluted
    net loss per share

 

 

19,580,006

 

 

 

17,484,927

 

Basic and diluted net loss per share

 

$

(3.27

)

 

$

(5.11

)

 

The Company has two types of common stock, Class A and Class B. Class B common stock has no economic rights, therefore has been excluded from the computation of basic and diluted net loss per share. The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same.

The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the years ended December 31, 2023 and 2022 because including them would have had an anti-dilutive effect:

 

 

 

Fiscal Year Ended December 31,

 

 

2023

 

 

2022

 

Stock options and 2021 ESPP to purchase Class A common stock

 

 

2,212,165

 

 

 

2,408,998

 

Public and Private Warrants

 

 

—

 

 

 

192,936

 

RSUs

 

 

1,847,583

 

 

 

1,547,530

 

Credit Agreement Warrants

 

 

1,058,940

 

 

 

461,858

 

 

 

5,118,688

 

 

 

4,611,322