| Net Income (Loss) Per Share |
10. Net Income (Loss) Per Share
The following table sets forth the computation of the Company’s basic and diluted net loss per share.
|
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
2020
|
|
|
2019
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss), basic and diluted
|
|
$
|
29,872
|
|
|
$
|
(13,793
|
)
|
|
$
|
10,277
|
|
|
$
|
(28,043
|
)
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares used to compute basic EPS
|
|
|
29,900,913
|
|
|
|
22,926,390
|
|
|
|
26,510,873
|
|
|
|
22,895,902
|
|
|
Dilutive effect of common stock options
|
|
|
1,020,799
|
|
|
|
–
|
|
|
|
1,124,799
|
|
|
|
–
|
|
|
Dilutive effect of restricted stock units
|
|
|
774,991
|
|
|
|
–
|
|
|
|
774,991
|
|
|
|
–
|
|
|
Dilutive effect of warrants to purchase common stock
|
|
|
81,257
|
|
|
|
–
|
|
|
|
127,616
|
|
|
|
–
|
|
|
Weighted-average shares used to compute diluted EPS
|
|
|
31,777,960
|
|
|
|
22,926,390
|
|
|
|
28,538,279
|
|
|
|
22,895,902
|
|
|
Net income (loss) earnings per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$
|
1.00
|
|
|
$
|
(0.60
|
)
|
|
$
|
0.39
|
|
|
$
|
(1.22
|
)
|
|
Diluted
|
|
$
|
0.94
|
|
|
$
|
(0.60
|
)
|
|
$
|
0.36
|
|
|
$
|
(1.22
|
)
|
The following common stock equivalents were excluded from the computation of diluted net loss per share for the periods ended June 30, 2019, because including them would have been antidilutive:
|
|
As of June 30,
|
|
|
|
|
2019
|
|
|
Common stock options issued and outstanding
|
|
|
3,903,653
|
|
|
Restricted stock units issued and outstanding
|
|
|
458,190
|
|
|
Warrants to purchase common stock
|
|
|
71,813
|
|
|
Total
|
|
|
4,433,656
|
|
|