Net Loss per Share

6 Months Ended

Jun. 30, 2020

Net Loss per Share

Net Loss per Share

3. Net Loss per Share

The following table shows the calculation of net loss per share (in thousands, except share and per share data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Numerator:
Net loss - basic and diluted	$	(10,611)	$	(12,978)	$	(23,546)	$	(24,621)
Denominator:
Weighted average common shares outstanding		29,428,249		29,329,229		29,419,741		29,328,075
Less: weighted average common shares subject to repurchase		—		(20,079)		—		(26,570)
Weighted average common shares outstanding used to compute basic and diluted net loss per share		29,428,249		29,309,150		29,419,741		29,301,505
Net loss per share, basic and diluted	$	(0.36)	$	(0.44)	$	(0.80)	$	(0.84)

Weighted average common shares outstanding for the three and six months ended June 30, 2020 include 1,458,000 shares of common stock issuable on the conversion of pre-funded warrants described in Note 1.

The amounts in the table below were excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2020	2019	2020	2019
Common stock subject to repurchase	—	12,384	—	12,384
Outstanding options	5,561,098	4,157,154	5,561,098	4,157,154
Total shares of common stock equivalents	5,561,098	4,169,538	5,561,098	4,169,538