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Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(22,352

)

 

$

(10,812

)

 

$

(68,112

)

 

$

(37,299

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

45,787,137

 

 

 

44,452,184

 

 

 

45,253,176

 

 

 

33,937,800

 

Less: weighted-average common shares subject to vesting

 

 

(1,847,856

)

 

 

(1,614,086

)

 

 

(1,503,022

)

 

 

(1,881,125

)

Weighted-average common shares used to compute basic and diluted net loss per share

 

 

43,939,281

 

 

 

42,838,098

 

 

 

43,750,154

 

 

 

32,056,675

 

Net loss per share: basic and diluted

 

$

(0.51

)

 

$

(0.25

)

 

$

(1.56

)

 

$

(1.16

)

Summary of Outstanding Potentially Dilutive Securities Excluded from Computation of Diluted Net Loss per Share

The following outstanding potentially dilutive securities were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:

 

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

Common stock options issued and outstanding

 

 

4,274,163

 

 

 

1,348,955

 

Unvested restricted common stock

 

 

1,257,651

 

 

 

462,963

 

Unvested early exercised common stock options

 

 

552,364

 

 

 

1,050,103

 

Total

 

 

6,084,178

 

 

 

2,862,021