| Net (Loss) Income Per Share |
11. Net (Loss) Income Per Share
The following table sets forth the computation of the Company’s basic and diluted net (loss) income per share.
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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2021
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2020
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2021
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2020
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(in thousands, except share and per share amounts)
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Numerator:
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Net (loss) income, basic and diluted
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$
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(30,902
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)
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$
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17,139
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$
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(67,413
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)
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$
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27,416
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Denominator:
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Weighted-average shares used to compute basic EPS
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46,162,544
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36,887,266
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46,060,010
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29,994,917
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Dilutive effect of common stock options
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–
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828,623
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–
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228,557
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Dilutive effect of restricted stock units
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–
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159,788
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–
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120,649
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Dilutive effect of warrants to purchase common stock
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–
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1,875
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–
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5,733
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Weighted-average shares used to compute diluted EPS
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46,162,544
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37,877,552
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46,060,010
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30,349,856
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Net (loss) income per share:
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Basic
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$
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(0.67
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)
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$
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0.46
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$
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(1.46
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)
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$
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0.91
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Diluted
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$
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(0.67
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)
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$
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0.45
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$
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(1.46
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)
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$
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0.90
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The following common stock equivalents were excluded from the computation of diluted net loss per share for the periods ended September 30, 2021, because including them would have been antidilutive:
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As of September 30,
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2021
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Common stock options issued and outstanding
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6,533,772
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Restricted stock units issued and outstanding
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2,262,776
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Warrants to purchase common stock
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153,070
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Employee stock purchase plan
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6,663
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Total
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8,956,281
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