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Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2017
Net Loss per Share  
Basic and diluted net loss per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

(in thousands, except per share data)

    

2017

    

2016

    

2015

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net loss used to compute net loss per share, basic

 

$

(136,314)

 

$

(95,765)

 

$

(70,275)

 

 

 

 

 

 

 

 

 

 

 

 

Less:  Remeasurement gain on warrant liability

 

 

(1,148)

 

 

 —

 

 

 —

 

Net loss used to compute net loss per share, diluted

 

$

(137,462)

 

$

(95,765)

 

$

(70,275)

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

53,312

 

 

51,667

 

 

27,687

 

Less:  Weighted-average unvested common shares subject to repurchase

 

 

 —

 

 

(91)

 

 

(1,483)

 

Weighted-average number of shares used in computing net loss per share, basic

 

 

53,312

 

 

51,576

 

 

26,204

 

 

 

 

 

 

 

 

 

 

 

 

Add:  Incremental shares from assumed exercise of warrants

 

 

292

 

 

 —

 

 

 —

 

Weighted-average number of shares used in computing net loss per share, diluted

 

 

53,604

 

 

51,576

 

 

26,204

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share, basic

 

$

(2.56)

 

$

(1.86)

 

$

(2.68)

 

Net loss per share, diluted

 

$

(2.56)

 

$

(1.86)

 

$

(2.68)

 

 

 

 

 

 

 

 

 

 

 

 

 

Total outstanding potentially dilutive shares not included in the calculation of dilutive EPS

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

     

2017

    

2016

    

2015

 

 

 

 

 

 

 

 

 

Options to purchase common stock

 

9,963

 

9,043

 

9,316

 

Warrants to purchase common stock

 

 —

 

377

 

377

 

Restricted stock units

 

389

 

159

 

 —

 

Employee stock purchase plan

 

79

 

90

 

 —

 

Common stock subject to repurchase

 

 —

 

 —

 

1,307

 

 

 

10,431

 

9,669

 

11,000