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Net Loss Per Common Share
9 Months Ended
Sep. 30, 2017
Net Loss Per Common Share  
Net Loss Per Common Share

8. Net Loss Per Common Share

 

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2017

    

2016

    

2017

    

2016

    

Numerator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Net loss

 

$

(5,446)

 

$

(1,444)

 

$

(16,719)

 

$

(11,400)

 

Denominator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Weighted-average common shares outstanding

 

 

12,700,802

 

 

3,023,794

 

 

12,595,015

 

 

3,019,238

 

Less: weighted-average unvested common shares subjected to repurchase

 

 

(140,990)

 

 

(366,220)

 

 

(169,625)

 

 

(429,534)

 

Weighted-average common shares outstanding used to calculate net loss per common share, basic and diluted

 

 

12,559,812

 

 

2,657,574

 

 

12,425,390

 

 

2,589,704

 

Net loss per common share, basic and diluted

 

$

(0.43)

 

$

(0.54)

 

$

(1.35)

 

$

(4.40)

 

 

The following outstanding shares of potentially dilutive securities have been excluded from diluted net loss per common share for the periods presented, because their inclusion would be anti-dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2017

    

2016

    

2017

    

2016

 

Redeemable convertible preferred stock on an as-converted basis

 

 —

 

2,486,199

 

 —

 

2,486,199

 

Options to purchase common stock

 

1,595,415

 

1,262,294

 

1,595,415

 

1,262,294

 

Restricted stock units

 

10,000

 

 —

 

10,000

 

 —

 

Common stock subject to repurchase

 

125,000

 

240,385

 

125,000

 

240,385

 

Redeemable convertible preferred stock warrants on an as-converted basis

 

 —

 

27,690

 

 —

 

27,690

 

Common stock warrants

 

27,690

 

 —

 

27,690

 

 —

 

Total

 

1,758,105

 

4,016,568

 

1,758,105

 

4,016,568