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Net Loss per Share
3 Months Ended
Mar. 31, 2020
Net Loss per Share  
Net Loss per Share

14.Net Loss per Share

 

The following table sets forth the computation of basic and diluted net loss per share for the three months ended March 31, 2020 and 2019 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 

 

    

2020

    

2019

Numerator:

 

 

 

 

 

 

Net loss

 

$

(12,661)

 

$

(17,100)

Denominator:

 

 

 

 

 

 

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

 

 

113,957

 

 

107,352

Basic and diluted net loss per share

 

$

(0.11)

 

$

(0.16)

 

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 months ended March 31, 2020 and 2019, 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):

 

 

 

 

 

 

 

 

 

March 31, 

 

March 31, 

 

 

    

2020

    

2019

    

Stock options outstanding, net of unvested exercised stock options

 

2,798,122

 

4,122,033

 

Unvested restricted stock units

 

12,305,236

 

12,958,398

 

Unvested performance stock units

 

1,005,000

 

 —

 

ESPP shares

 

228,705

 

211,035

 

Stock-settled bonus shares

 

 —

 

295,725

 

    Total potentially dilutive securities

 

16,337,063

 

17,587,191