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Net Loss Per Share Attributable to Guardant Health, Inc. Common Stockholders
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Guardant Health, Inc. Common Stockholders
Net Loss Per Share Attributable to Guardant Health, Inc. Common Stockholders
The following table sets forth the computation of the basic and diluted net loss per share attributable to Guardant Health, Inc. common stockholders:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
 
 
(unaudited)
 
 
(in thousands, except per share data)
Net loss
 
$
(11,300
)
 
$
(21,639
)
 
$
(32,651
)
 
$
(35,483
)
Fair value adjustment of redeemable noncontrolling interest
 
(300
)
 

 
(5,000
)
 

Net loss attributable to Guardant Health, Inc. common stockholders, basic and diluted
 
$
(11,600
)
 
$
(21,639
)
 
$
(37,651
)
 
$
(35,483
)
Net loss per share attributable to Guardant Health, Inc. common stockholders, basic and diluted
 
$
(0.13
)
 
$
(1.75
)
 
$
(0.43
)
 
$
(2.92
)
Weighted-average shares used in computing net loss per share attributable to Guardant Health, Inc. common stockholders, basic and diluted
 
89,036

 
12,388

 
87,494

 
12,155


Since the Company was in a loss position for all periods presented, basic net loss per share attributable to Guardant Health, Inc. common stockholders is the same as diluted net loss per share attributable to Guardant Health, Inc. common stockholders, as the inclusion of all potential shares of common stock outstanding would have been anti-dilutive. The following weighted-average common stock equivalents were excluded from the calculation of diluted net loss per share attributable to Guardant Health, Inc. common stockholders for the periods presented as they had an anti-dilutive effect:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
 
 
(unaudited)
 
 
(in thousands)
Convertible preferred stock (on an as if converted basis)
 

 
58,265

 

 
58,265

Stock options issued and outstanding
 
6,313

 
7,247

 
6,908

 
7,352

Unvested restricted stock units
 
122

 

 
100

 

ESPP obligation
 
83

 

 
71

 

Preferred stock warrants (on an as if converted basis)
 

 
8

 

 
8

Common stock warrants
 

 
279

 

 
296

Common stock subject to repurchase
 
32

 
58

 
37

 
38

Total
 
6,550

 
65,857

 
7,116

 
65,959