Net Loss Per Share

6 Months Ended

Jun. 30, 2020

Net Loss Per Share

Net Loss Per Share

NOTE 8. NET LOSS PER SHARE

Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of stock-based awards and warrants. Diluted net loss per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options, and unvested restricted common stock and stock units. As the Company had net losses for the three and six months ended June 30, 2020 and 2019, all potential common shares were determined to be anti-dilutive. The following table sets forth the computation of net loss per common share:

	Three Months Ended				Six Months Ended June 30,
	2020		2019		2020		2019
Numerator:
Net loss	$	(24,956)	$	(25,467)	$	(47,329)	$	(51,611)
Denominator:
Weighted average common shares outstanding - basic and diluted		89,080,046		62,651,863		88,980,353		62,599,371
Net loss per share - basic and diluted	$	(0.28)	$	(0.41)	$	(0.53)	$	(0.82)

For the three and six months ended June 30, 2020, the total number of securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share because the effect would have been antidilutive was 11.5 million and 11.7 million, respectively.

For the three and six months ended June 30, 2019, the total number of securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share because the effect would have been antidilutive was 10.2 million and 10.0 million, respectively.