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Net Loss per Share
9 Months Ended
Sep. 30, 2019
Net Loss per Share  
Net Loss per Share

15.Net Loss per Share

 

The following table sets forth the computation of basic and diluted net loss per share for the three and nine months ended September 30, 2019 and 2018 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2019

    

2018

    

2019

    

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(8,203)

 

$

(7,498)

 

$

(40,892)

 

$

(35,875)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted–average shares used to compute basic and diluted net loss per share

 

 

110,831

 

 

104,032

 

 

109,147

 

 

101,369

 

Basic and diluted net loss per share

 

$

(0.07)

 

$

(0.07)

 

$

(0.37)

 

$

(0.35)

 

 

Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Because we have reported a net loss for the three and nine months ended September 30, 2019 and 2018, the number of shares used to calculate diluted net loss per common share is the same as the number of shares used to calculate basic net loss per common share for those periods presented because the potentially dilutive shares would have been anti-dilutive if included in the calculation.

 

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding because such securities have an antidilutive impact due to losses reported (in common stock equivalent shares):

 

 

 

 

 

 

 

 

 

September 30, 

 

September 30, 

 

 

    

2019

    

2018

    

Stock options outstanding, net of unvested exercised stock options

 

2,929,095

 

5,122,470

 

Unvested restricted stock units

 

13,806,088

 

12,791,608

 

ESPP shares

 

194,622

 

194,366

 

Stock-settled bonus shares

 

499,612

 

740,489

 

    Total potentially dilutive securities

 

17,429,417

 

18,848,933