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

13. Net Loss Per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share.

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

 

 

(in thousands, except share and per share amounts)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(55,744

)

 

$

(35,317

)

 

$

(19,688

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing net loss per share

 

 

22,958,577

 

 

 

5,758,875

 

 

 

447,946

 

Net loss per share, basic and diluted

 

$

(2.43

)

 

$

(6.13

)

 

$

(43.95

)

 

For the computation of net loss per share for the years ended December 31, 2019, 2018 and 2017, zero, zero and 9,889 shares subject to repurchase, respectively, were excluded from the computation of net loss per share.

 

The following common stock equivalents were excluded from the computation of diluted net loss per share for the years ended December 31, 2019, 2018 and 2017 because including them would have been antidilutive:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Redeemable convertible preferred stock

 

 

-

 

 

 

-

 

 

 

5,063,404

 

Common stock options and award issued

   and outstanding

 

 

4,208,463

 

 

 

3,422,958

 

 

 

835,320

 

Warrants to purchase redeemable

   convertible preferred stock

 

 

-

 

 

 

-

 

 

 

93,527

 

Warrants to purchase common stock

 

 

71,813

 

 

 

71,813

 

 

 

1,099

 

Early exercised shares of common stock

 

 

-

 

 

 

-

 

 

 

2,374

 

Shares to be issued under ESPP

 

 

41,421

 

 

 

29,416

 

 

 

-

 

Total

 

 

4,321,697

 

 

 

3,524,187

 

 

 

5,995,724