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Net Loss per Share
9 Months Ended
Sep. 30, 2019
Net Loss per Share  
Net Loss per Share

14. Net Loss per Share

Basic net loss per share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period, excluding shares subject to repurchase and without consideration of potentially dilutive securities. Diluted net loss per share is computed by giving effect to all potentially dilutive common shares outstanding for the period. For purposes of this computation, outstanding common stock options, restricted stock units and warrants are considered to be common share equivalents. Common share equivalents are excluded from the computation in periods in which they have an anti-dilutive effect, unless the consideration of any one of them gives a dilutive effect.

The following table provides the basic and diluted net loss per share computations for the three and nine months ended September 30, 2019 and 2018.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended 

 

Nine months ended

 

 

 

September 30, 

 

September 30, 

 

(in thousands, except per share data)

    

2019

    

2018

 

2019

    

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss, basic and diluted

 

$

(23,137)

 

$

(29,616)

 

$

(89,644)

 

$

(96,313)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

70,456

 

 

60,570

 

 

67,198

 

 

56,462

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share, basic

 

$

(0.33)

 

$

(0.49)

 

$

(1.33)

 

$

(1.71)

 

Net loss per share, diluted

 

$

(0.33)

 

$

(0.49)

 

$

(1.33)

 

$

(1.71)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table shows total outstanding potentially dilutive shares excluded from the computation of diluted loss per share as their effect would be anti-dilutive, as of September 30, 2019 and 2018:

 

 

 

 

 

 

 

 

September 30, 

 

 

     

2019

    

2018

 

 

 

(in thousands)

 

Options to purchase common stock

 

8,798

 

9,127

 

Restricted stock units

 

2,269

 

1,089

 

Employee stock purchase plan

 

124

 

164

 

 

 

11,191

 

10,380