Net (Loss) Income Per Share Attributable to Common Stockholders |
13. Net (Loss) Income Per Share Attributable to Common Stockholders
The following table sets forth the computation of the Company’s basic and diluted net (loss) income per share attributable to common stockholders.
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|
Year Ended December 31,
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|
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
|
|
(in thousands, except share and per share amounts)
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|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
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Net (loss) income
|
|
$
|
(35,317
|
)
|
|
$
|
(19,688
|
)
|
|
$
|
1,702
|
|
Noncumulative dividends on redeemable
convertible preferred stock
|
|
|
-
|
|
|
|
-
|
|
|
|
(1,702
|
)
|
Net loss attributable to common stockholders,
basic and diluted
|
|
$
|
(35,317
|
)
|
|
$
|
(19,688
|
)
|
|
$
|
-
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
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Shares used in computing net loss per share
attributable to common stockholders,
basic and diluted
|
|
|
5,758,875
|
|
|
|
447,946
|
|
|
|
407,735
|
|
Net loss per share, attributable to common
stockholders, basic and diluted
|
|
$
|
(6.13
|
)
|
|
$
|
(43.95
|
)
|
|
$
|
-
|
|
The following common stock equivalents were excluded from the computation of diluted net income (loss) per share for the year ended December 31, 2016 as net income attributable to common stock holders was nil, and for the years ended December 31, 2018 and 2017 because including them would have been antidilutive:
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|
Year Ended December 31,
|
|
|
|
2018
|
|
|
2017
|
|
|
2016
|
|
Redeemable convertible preferred stock
|
|
|
-
|
|
|
|
5,063,404
|
|
|
|
5,063,404
|
|
Common stock options and award issued
and outstanding
|
|
|
3,422,958
|
|
|
|
835,320
|
|
|
|
796,907
|
|
Warrants to purchase redeemable
convertible preferred stock
|
|
|
-
|
|
|
|
93,527
|
|
|
|
74,767
|
|
Warrants to purchase common stock
|
|
|
71,813
|
|
|
|
1,099
|
|
|
|
1,099
|
|
Early exercised shares of common stock
|
|
|
-
|
|
|
|
2,374
|
|
|
|
17,140
|
|
Shares to be issued under ESPP
|
|
|
29,416
|
|
|
|
-
|
|
|
|
-
|
|
Total
|
|
|
3,524,187
|
|
|
|
5,995,724
|
|
|
|
5,953,317
|
|
|