Net Loss Per Share

9 Months Ended

Sep. 30, 2022

Note 8. Net Loss Per Share

Upon us adopting ASU 2020-06 using the modified retrospective transition method on January 1, 2021, we applied the “if-converted” method for calculating any potential dilutive effect of the conversion of the 2019 Notes or the 2021 Notes on diluted net loss per share for the three and nine months ended September 30, 2022 and September 30, 2021.

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net loss per share for the periods presented (in thousands, except per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Numerator:
Net loss	$	(2,199	)	$	(12,924	)	$	(24,183	)	$	(31,246	)
Denominator:
Weighted-average shares outstanding — basic and diluted		25,743			24,330			25,384			24,040
Net loss per share — basic and diluted	$	(0.09	)	$	(0.53	)	$	(0.95	)	$	(1.30	)

The following table presents the outstanding shares of our common stock equivalents excluded from the computation of diluted net loss per share as of the dates presented because their effect would have been antidilutive (in thousands):


	Three and Nine Months Ended September 30,
	2022		2021
Stock options		1,844		2,561
RSUs, MSUs, and PSUs		1,578		1,538
Employee stock purchase plan shares		30		42
2019 Notes		—		2,496
2021 Notes		2,589		—