Net Loss per Share

3 Months Ended

Mar. 31, 2016

Note 6. Net Loss per Share

The following table summarizes the computation of basic and diluted net loss per share of our common stock for the three months ended March 31, 2016 and 2015:


	Three Months Ended March 31,
	2016			2015
	(in thousands, except share and per share data)
Numerator:
Net loss	$	(15,580	)	$	(7,682	)
Accretion of preferred stock to redemption value		—			(11,273	)

Net loss attributable to common stockholders, basic and diluted	$	(15,580	)	$	(18,955	)

Denominator:
Weighted-average common shares outstanding, basic and diluted		40,547,669			12,642,188

Net loss per share attributable to common stockholders, basic and diluted	$	(0.38	)	$	(1.50	)

The following potentially dilutive securities outstanding, prior to the use of the treasury stock method or if-converted method, have been excluded from the computation of diluted weighted-average shares outstanding for the respective periods below because they would have been anti-dilutive:


	Three Months Ended March 31,
	2016		2015
Options to purchase common stock		4,881,355		4,006,962
Restricted stock		1,062,568		—
Restricted stock units		498,300		—
Warrants to purchase common stock		—		200,000
Shares to be issued under ESPP		17,639		—
Redeemable convertible preferred stock		—		16,382,615

Total		6,459,862		20,589,577