Net Loss Per Share of Common Stock

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Loss Per Share of Common Stock

Net Loss Per Share of Common Stock

The table below summarizes the computation of basic and diluted net loss per share:

	Three Months Ended March 31,
	2020		2019
	(in thousands, except share and per share data)
Net loss	$	(12,772)	$	(9,345)
Weighted-average shares used to compute basic and diluted net loss per share	27,252,409		24,390,648
Net loss per share, basic and diluted	$	(0.47)	$	(0.38)

Because the Company has reported a net loss in all periods presented, outstanding stock options, restricted stock units, shares subject to repurchase, ESPP purchase rights and common stock warrants are anti-dilutive and therefore diluted net loss per common share is the same as basic net loss per common share for the periods presented. The following anti-dilutive common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented:

	Three Months Ended March 31,
	2020	2019
Stock options	2,700,554	3,047,130
Restricted stock units	1,342,211	531,669
Shares subject to repurchase	15,567	59,193
ESPP purchase rights	65,442	—
Common stock warrants	118,122	118,122
	4,241,896	3,756,114