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Net Loss per Share Attributable to Common Stockholders
6 Months Ended
Jul. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable To Common Stockholders

(10) Net Loss Per Share Attributable To Common Stockholders

Basic and diluted net loss per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. The Company’s convertible preferred stock that was outstanding prior to the closing of the IPO is considered a participating security with respect to the periods during which it was outstanding. Participating securities do not have a contractual obligation to share in the Company’s losses. As such, for the periods the Company incurs net losses, there is no impact on the calculated net loss per share attributable to common stockholders in applying the two-class method.

Basic net loss per share attributable to common stockholders is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period. The diluted net loss per share attributable to common stockholders is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period. For purposes of this calculation, participating securities, stock options to purchase common stock, RSUs, warrants to purchase common stock and convertible preferred stock are considered to be common stock equivalents and have been excluded from the calculation of diluted net loss per share attributable to common stockholders, as their effect is antidilutive.

The computation of basic and diluted net loss per share is as follows (in thousands, except share and per share data):

 

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

 

 

2016

 

 

2017

 

 

2016

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(25,672

)

 

$

(51,667

)

 

$

(56,483

)

 

$

(82,347

)

Deemed dividend to Series E and E-1 Convertible Preferred

   Stock

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(6,588

)

Impact of adjustment to Series E, E-1 and F Convertible

   Preferred Stock

 

 

-

 

 

 

26,336

 

 

 

-

 

 

 

26,336

 

Net loss attributable to common stockholders

 

$

(25,672

)

 

$

(25,331

)

 

$

(56,483

)

 

$

(62,599

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

3,498,767

 

 

 

12,405,014

 

 

 

3,487,074

 

 

 

8,095,084

 

Weighted-average unvested common shares subject to

   repurchase

 

 

(89,644

)

 

 

(61,184

)

 

 

(89,705

)

 

 

(49,666

)

Weighted-average shares—basic and diluted

 

 

3,409,123

 

 

 

12,343,830

 

 

 

3,397,369

 

 

 

8,045,418

 

Net loss per share attributable to common stockholders—

   basic and diluted

 

$

(7.53

)

 

$

(2.05

)

 

$

(16.63

)

 

$

(7.78

)

 

The potential absolute shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows:

 

 

 

As of July 31,

 

 

 

2016

 

 

2017

 

 

 

(in shares)

 

Convertible preferred stock (on an if-converted basis)

 

 

10,610,966

 

 

 

-

 

Stock options and RSUs

 

 

4,326,500

 

 

 

7,493,522

 

Early exercised stock options

 

 

84,008

 

 

 

57,461

 

Convertible preferred stock warrants

 

 

40,250

 

 

 

-

 

Common stock warrants

 

 

25,000

 

 

 

1,897,562

 

Total

 

 

15,086,724

 

 

 

9,448,545