Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Common Share

v3.19.1
Net Loss per Common Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Net Loss per Common Share

3.

Net Loss per Common Share

Basic net loss per common share is calculated by dividing net loss by the weighted-average number of shares of common stock outstanding during the period, without consideration of common share equivalents. Diluted net loss per common share is computed by dividing net loss by the weighted-average number of shares of common stock and common share equivalents outstanding for the period. Common share equivalents are only included in the calculation of diluted net loss per common share when their effect is dilutive.

Potential dilutive securities, which include, unvested restricted stock units (“RSUs”), vested and unvested options to purchase common stock and shares to be issued under our employee stock purchase plan (“ESPP”) have been excluded from the computation of diluted net loss per share as the effect is antidilutive. Therefore, the denominator used to calculate both basic and diluted net loss per common share is the same in all periods presented.

The following table represents the potential common shares issuable pursuant to outstanding securities as of the related period end dates that were excluded from the computation of diluted net loss per common share as their inclusion would have an antidilutive effect:

 

 

As of March 31,

 

 

2019

 

 

2018

 

Unvested RSUs

 

1,860,374

 

 

 

1,899,505

 

Vested and unvested options

 

6,842,443

 

 

 

5,466,825

 

ESPP share purchase rights

 

37,538

 

 

 

60,317

 

Total

 

8,740,355

 

 

 

7,426,647