Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v3.20.1
Net Loss Per Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share

NOTE 4. NET LOSS PER SHARE 

The following table presents the computation of basic and diluted net loss per share:

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Numerator

 

 

 

 

 

 

 

 

Net loss

 

$

(62,078

)

 

$

(61,104

)

Denominator

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

21,845,536

 

 

 

17,683,459

 

Less:  Weighted-average shares subject to repurchase

 

 

(47,822

)

 

 

(110,521

)

Denominator for basic and diluted net loss per share

   attributable to common stockholders

 

 

21,797,714

 

 

 

17,572,938

 

Basic and diluted net loss per share

 

$

(2.85

)

 

$

(3.48

)

 

The Company reported net losses for both periods presented and, as such, all potentially dilutive shares of common stock would have been antidilutive for such periods. The table below presents the weighted-average securities (in common equivalent shares) outstanding during the periods presented that have been excluded from the calculation of diluted net loss per share because their effect would be anti-dilutive:

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Common stock options and restricted stock units

 

 

9,858,931

 

 

 

8,625,088

 

Warrants to purchase common stock

 

 

1,297,151

 

 

 

1,232,734

 

 

 

 

11,156,082

 

 

 

9,857,822