Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share Attributable to Common Stockholders

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Net Loss Per Share Attributable to Common Stockholders
12 Months Ended
Dec. 31, 2023
Net Loss Per Share Attributable to Common Stockholders  
Net Loss Per Share Attributable to Common Stockholders

11. Net Loss Per Share Attributable to Common Stockholders

Potentially dilutive securities are excluded from the calculation of diluted net loss per share attributable to common stockholders if their inclusion is anti-dilutive.

The following table shows the weighted-average shares from outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net loss per share attributable to common stockholders (in thousands):

Year Ended December 31, 

    

2023

    

2022

Convertible preferred stock

5,003

5,003

Common stock options

 

1,793

885

Warrants for common stock

 

17

6

Total

 

6,813

 

5,894

For PSUs with market conditions, if the market conditions have not been satisfied by the end of the reporting period, the number of shares that would be issuable based on the market price at the end of the reporting period, as if the end of the reporting period were the end of the contingency period, will be included in the calculation of diluted earnings per share if the effect is dilutive. No shares would be issuable based on the market price of $18.50 per share as of December 31, 2023.

The following is a reconciliation of the numerator (net loss) and the denominator (number of shares) used in the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share amounts):

Year Ended December 31, 

    

2023

    

2022

Numerator

 

  

 

  

Net loss

$

(40,831)

$

(17,104)

Less: Series A accumulated dividends

 

(2,122)

 

(2,122)

Less: Series B accumulated dividends

(3,350)

(3,350)

Net loss attributable to common stockholders, basic and diluted

$

(46,303)

(22,576)

 

Denominator

 

 

Weighted average shares used in computing basic and diluted net loss per share attributable to common stockholders

 

11,471

 

11,413

Basic and diluted net loss per share attributable to common stockholders

$

(4.04)

$

(1.98)