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Basic and Diluted Net Loss Per Share

3 Months Ended

Apr. 30, 2019

Note 10: Basic and Diluted Net Loss Per Share

Basic and diluted net loss per share is calculated by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share of common stock is the same as basic net loss per share of common stock because the effects of potentially dilutive securities are antidilutive as the Company reported net losses for all periods presented.

The following table sets forth the computation of the Company’s basic and diluted net loss per share of common stock (in thousands, except share and per share data):

	Three Months Ended
	April 30, 2019			April 30, 2018
Numerator
Net loss	$	(4,740	)	$	(3,685	)
Denominator
Weighted-average common shares		20,479,739			19,318,718
Basic and diluted net loss per share	$	(0.23	)	$	(0.19	)

Potentially dilutive securities of approximately 4.4 million and 4.6 million were excluded from the computation of diluted net loss per share for the three months ended April 30, 2019 and 2018, respectively, and included the Company’s RSUs, stock options and shares to be purchased under the ESPP.