v3.19.3.a.u2
Net Loss Per Share
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share

16. NET LOSS PER SHARE

The Company’s basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding for the period. For purposes of the calculation of diluted net loss per share options to purchase common stock, restricted stock units, unvested shares of common stock issued upon the early exercise of stock options and business acquisitions and warrants to purchase common stock are considered common stock equivalents but have been excluded from the calculation of diluted net loss per share as their effect is antidilutive. Because the Company has reported a net loss for the years ended December 31, 2019, 2018 and 2017, diluted net loss per common share is the same as the basic net loss per share for those years.

The table presents the calculation of basic and diluted net loss per share as follows (in thousands, except per share data):

 

 

 

Years Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss allocable to common stockholders

 

$

(59,937

)

 

$

(8,857

)

 

$

(63,509

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used in computing net loss per share, basic and diluted

 

 

115,218

 

 

 

104,618

 

 

 

28,308

 

Net loss per share, basic and diluted

 

$

(0.52

)

 

$

(0.08

)

 

$

(2.24

)

 

The potential common shares that were excluded from the calculation of diluted net loss per share because their effect would have been antidilutive for the periods presented are as follows (in thousands):

 

 

 

Years Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Equity awards to purchase common stock

 

 

15,668

 

 

 

20,057

 

 

 

26,608

 

Unvested shares of common stock issued upon early exercise of stock options and business acquisition

 

 

31

 

 

 

70

 

 

 

57

 

Warrants to purchase common stock

 

 

 

 

 

 

 

 

184

 

Total

 

 

15,699

 

 

 

20,127

 

 

 

26,849