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Net Loss Per Share Attributable to Guardant Health, Inc. Common Stockholders
9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
 
 
(unaudited)
 
 
(in thousands, except per share data)
Net loss
 
$
(13,090
)
 
$
(23,508
)
 
$
(45,741
)
 
$
(58,991
)
Fair value adjustment of redeemable noncontrolling interest
 
300

 
(950
)
 
(4,700
)
 
(950
)
Net loss attributable to Guardant Health, Inc. common stockholders, basic and diluted
 
$
(12,790
)
 
$
(24,458
)
 
$
(50,441
)
 
$
(59,941
)
Net loss per share attributable to Guardant Health, Inc. common stockholders, basic and diluted
 
$
(0.14
)
 
$
(1.94
)
 
$
(0.56
)
 
$
(4.87
)
Weighted-average shares used in computing net loss per share attributable to Guardant Health, Inc. common stockholders, basic and diluted
 
93,303

 
12,582

 
89,452

 
12,300


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
September 30,
 
Nine Months Ended
September 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
 
5,353

 
7,675

 
6,390

 
7,460

Unvested restricted stock units
 
338

 

 
179

 

ESPP obligation
 
42

 

 
62

 

Preferred stock warrants (on an as if converted basis)
 

 
8

 

 
8

Common stock warrants
 

 
203

 

 
237

Common stock subject to repurchase
 
28

 
54

 
33

 
43

Total
 
5,761

 
66,205

 
6,664

 
66,013