Net Loss per Share

12 Months Ended

Dec. 31, 2016

Net Loss per Share

Net Loss per Share

Note 15. Net Loss per Share

Basic net loss per share is computed by dividing the net loss by the weighted‑average number of shares of common stock of the Company outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock of the Company, including the Preferred Stock and outstanding stock options and warrants, to the extent dilutive. Basic and diluted net loss per share was the same for each period presented as the inclusion of all potential shares of common stock of the Company outstanding would have been anti‑dilutive. The Company has 6.8 million outstanding stock options, 0.4 million outstanding warrants and 0.1 million issuable common stock associated with the ESPP that are future potential shares of common stock.

The following table presents the calculation of basic and diluted net loss per share for the Company’s common stock (in thousands, except per share data):

	Year Ended
	December 31,
	2016		2015		2014
Net loss	$	(74,216)	$	(58,020)	$	(17,037)
Preferred stock dividends		—		—		(2,920)
Accretion of preferred stock		—		—		(168)
Net loss	$	(74,216)	$	(58,020)	$	(20,125)
Weighted-average shares used to compute basic and diluted net loss per share		42,331		19,917		1,963
Net loss per share, basic and diluted	$	(1.75)	$	(2.91)	$	(10.25)