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Net Loss Per Share

9 Months Ended

Sep. 30, 2020

NOTE 9. NET LOSS PER SHARE

Basic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of stock-based awards and warrants. Diluted net loss per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options, and unvested restricted common stock and stock units. As the Company had net losses for the three and nine months ended September 30, 2020 and 2019, all potential common shares were determined to be anti-dilutive. The following table sets forth the computation of net loss per common share:


	Three Months Ended				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net loss	$	(18,108)	$	(23,539)	$	(65,437)	$	(75,150)
Denominator:
Weighted average common shares outstanding - basic and diluted		89,365,798		62,828,513		89,109,772		62,676,591
Net loss per share - basic and diluted	$	(0.20)	$	(0.37)	$	(0.73)	$	(1.20)

For the three and nine months ended September 30, 2020, the total number of securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share because the effect would have been antidilutive was 9.6 million and 10.4 million, respectively.

For the three and nine months ended September 30, 2019, the total number of securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share because the effect would have been antidilutive was 10.5 million and 10.2 million, respectively.