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Net Loss per Share
9 Months Ended
Sep. 30, 2017
Net Loss per Share  
Net Loss per Share

9. Net Loss per Share

 

Basic and diluted net loss per share is summarized in the following table:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

 

2017

 

2016

    

2017

    

2016

 

Numerator:

    

 

    

    

 

    

 

 

    

    

 

    

 

Net loss

 

$

(18,192)

 

$

(10,694)

 

$

(45,589)

 

$

(36,604)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding

 

 

28,834,808

 

 

21,415,871

 

 

27,180,244

 

 

20,752,590

 

Net loss per share, basic and diluted

 

$

(0.63)

 

$

(0.50)

 

$

(1.68)

 

$

(1.76)

 

 

The Company’s potentially dilutive securities, which included stock options and RSUs, have been excluded from the computation of diluted net loss per share since the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same.  The following table presents potential common shares excluded from the calculation of diluted net loss per share for both the three and nine months ended September 30, 2017 and 2016.  All share amounts presented in the table below represent the total number outstanding as of September 30, 2017 and 2016.

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 

 

 

 

2017

 

2016

 

 

 

 

 

 

 

Options to purchase common stock

 

3,242,831

 

1,913,419

    

Restricted stock unit awards

 

294,331

 

85,000

 

Total potential common shares

 

3,537,162

 

1,998,419