Quarterly report [Sections 13 or 15(d)]

Net Loss per Share

v3.25.0.1
Net Loss per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Loss per Share
11.
Net Loss per Share

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

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

 

 

 

(As Restated)

 

 

 

 

 

(As Restated)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(16,559

)

 

$

(18,372

)

 

$

(42,103

)

 

$

(37,027

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

24,487,484

 

 

 

18,468,949

 

 

 

23,150,265

 

 

 

18,283,958

 

Basic and diluted net loss per share

 

$

(0.68

)

 

$

(0.99

)

 

$

(1.82

)

 

$

(2.03

)

The Company has two classes of common stock, Class A and Class B. Class B common stock has no economic rights, and therefore, has been excluded from the computation of basic and diluted net loss per share. Potentially dilutive securities have been excluded from the computation of diluted net loss per share as the effect would reduce 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 shares of Class A common stock, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the three and six months ended June 30, 2024 and 2023, because including them would have had an anti-dilutive effect:

 

 

Three and Six Months Ended June 30,

 

 

2024

 

 

2023

 

Stock options and 2021 ESPP

 

 

2,015,824

 

 

 

2,392,677

 

RSUs

 

 

2,875,835

 

 

 

1,877,874

 

Credit Agreement Warrants

 

 

1,058,940

 

 

 

461,860

 

 

 

5,950,599

 

 

 

4,732,411