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Basic and Diluted Net Loss Per Share

9 Months Ended

Oct. 31, 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 anti-dilutive as the Company reported net losses for all periods presented.

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

	Three Months Ended						Nine Months Ended
	October 31, 2019			October 31, 2018			October 31, 2019			October 31, 2018
Numerator
Net loss	$	(6,784	)	$	(3,494	)	$	(16,507	)	$	(11,083	)
Denominator
Weighted-average common shares		21,274,285			19,962,735			20,872,253			19,655,727
Basic and diluted net loss per share	$	(0.32	)	$	(0.18	)	$	(0.79	)	$	(0.56	)

Gross potentially dilutive securities of approximately 3.5 million and 4.1 million were excluded from the computation of diluted net loss per share for the three and nine months ended October 31, 2019 and 2018, respectively. These shares include the Company’s outstanding RSUs, outstanding stock options and shares to be purchased under the ESPP at the end of the respective period. In the event the Company reported net income for the periods presented, a portion of these outstanding securities would be reflected in weighted-average shares outstanding for diluted earnings per share by application of the treasury method.