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Net Loss Per Share Attributable to Common Stockholders
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

Note 7. Net Loss Per Share Attributable to Common Stockholders

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(18,839

)

 

$

(10,676

)

 

$

(36,463

)

 

$

(18,146

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding used to compute

   net loss per share, basic and diluted

 

 

30,551,736

 

 

 

559,671

 

 

 

30,521,600

 

 

 

501,716

 

Net loss per share attributable to common stockholders

 

$

(0.62

)

 

$

(19.08

)

 

$

(1.19

)

 

$

(36.17

)

 

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all common stock equivalents outstanding would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

 

 

 

June 30,

 

 

 

2020

 

 

2019

 

Series A convertible preferred stock

 

 

 

 

 

401,004

 

Series B convertible preferred stock

 

 

 

 

 

9,100,616

 

Series C convertible preferred stock

 

 

 

 

 

4,690,997

 

Restricted stock

 

 

58,259

 

 

 

116,518

 

Stock options

 

 

2,974,547

 

 

 

1,929,283

 

Estimated shares issuable under the employee stock purchase plan

 

 

2,698

 

 

 

 

Total

 

 

3,035,504

 

 

 

16,238,418