Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.23.3
NET LOSS PER SHARE
9 Months Ended
Sep. 30, 2023
NET LOSS PER SHARE  
NET LOSS PER SHARE

2.

Net Loss Per Share

Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period and the number of additional shares of common stock that would have been outstanding if potentially dilutive securities had been issued. Potentially dilutive securities include stock options, RSUs and shares issuable under our Employee Stock Purchase Plan (Purchase Plan). The dilutive effect of these potentially dilutive securities is reflected in diluted earnings per share using the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock can result in a greater dilutive effect from potentially dilutive securities.

The potential shares of common stock that were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive are as follows (in thousands):

Three Months Ended September 30, 

Nine Months Ended September 30, 

2023

    

2022

2023

    

2022

Outstanding stock options

34,284

32,687

34,284

32,687

RSUs

1,937

1,174

1,937

1,174

Purchase Plan

309

398

309

398

Total

36,530

34,259

36,530

34,259