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Net (Loss) Earnings Per Share
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Net (Loss) Earnings Per Share

12.    Net (Loss) Earnings Per Share

A reconciliation of net (loss) income available to common stockholders and the number of shares in the calculation of basic and diluted net loss per share follows (in thousands, except share and per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended

 

 

Nine Months Ended

 

 

September 30

 

 

September 30

 

    

2019

    

2018

    

 

2019

 

    

2018

Basic and diluted earnings (loss) per common share:

 

 

 

 

 

Numerator:

  

  

 

 

 

 

 

 

 

 

 

 

Net (loss) income

  

$

(8,210)

 

$

(1,136)

 

$

(4,169)

 

$

2,186

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Net income from discontinued operations, net of tax

 

 

 —

 

 

(1)

 

 

 —

 

 

(5,725)

Deemed dividends on convertible preferred stock

  

 

 —

 

 

 —

 

 

 —

 

 

(423)

Net loss attributable to common stockholders

  

$

(8,210)

 

$

(1,137)

 

$

(4,169)

 

$

(3,962)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used in computing basic and diluted net loss per share attributable to common stockholders

  

 

7,472,469

 

 

5,627,656

 

 

5,947,821

 

 

5,669,913

Basic and diluted net loss per share attributable to common stockholders

 

$

(1.10)

 

$

(0.20)

 

$

(0.70)

 

$

(0.70)

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following weighted-average outstanding shares of potentially dilutive securities were excluded from the computation of diluted loss per share attributable to common stockholders for the period presented because including them would have been antidilutive: 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

September 30, 

 

 

September 30, 

 

2019

    

2018

 

 

2019

    

2018

Redeemable convertible preferred stock

65,428,088

 

65,428,088

 

 

65,428,088

 

66,138,874

Options to purchase common stock

12,589,387

 

5,807,298

 

 

11,314,536

 

4,352,695

Warrants to purchase common stock

119,674

 

65,549

 

 

112,181

 

46,173

Warrants to purchase convertible preferred stock

1,564,952

 

378,222

 

 

1,400,660

 

 —

Total potential dilutive shares

79,702,101

 

71,679,157

 

 

78,255,465

 

70,537,742