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

13. Net Loss per Share

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

 

    

2019

    

2018

    

2019

    

2018

    

Numerator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Net Loss

 

$

(47,015)

 

$

(26,362)

 

$

(118,986)

 

$

(62,012)

 

 

 

 

  

 

 

 

 

 

  

 

 

  

 

Denominator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Weighted average common shares outstanding, basic and diluted

 

 

79,115,305

 

 

62,311,111

 

 

78,357,791

 

 

26,662,233

 

Net loss per share, basic and diluted

 

$

(0.59)

 

$

(0.42)

 

$

(1.52)

 

$

(2.33)

 

 

The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares from the periods in the table above, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

 

 

 

 

 

September 30, 

 

 

    

2019

    

2018

    

Restricted common stock

 

397,252

 

2,644,423

 

Stock options to purchase common stock

 

15,849,584

 

14,701,283

 

 

 

16,246,836

 

17,345,706