Net Loss per Share

3 Months Ended

Mar. 31, 2020

Note 8. 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 March 31,
	2020			2019
Numerator:
Net loss	$	(27,753	)	$	(17,670	)
Denominator:
Weighted-average common shares outstanding		45,953,213			44,532,073
Less: weighted-average common shares subject to vesting		(1,670,606	)		(1,023,481	)
Weighted-average common shares used to compute basic and diluted net loss per share		44,282,607			43,508,592
Net loss per share: basic and diluted	$	(0.63	)	$	(0.41	)

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:

	As of March 31,
	2020		2019
Common stock options issued and outstanding		6,725,835		3,222,103
Unvested restricted common stock issued as part of collaboration agreement		1,257,651		-
Unvested early exercised common stock options		375,615		811,300
Unvested restricted common stock		-		115,741
Total		8,359,101		4,149,144