Net Loss Per Share |
12. Net Loss Per Share
The loss and the weighted average number of shares used in computing basic and diluted net loss per share for the periods, is as follows (amounts in thousands, except share numbers):
|
|
Three months ended September 30, |
|
|
Nine months ended September 30, |
|
|
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
11,161 |
|
|
$ |
4,040 |
|
|
$ |
33,158 |
|
|
$ |
10,596 |
|
Dividends accumulated for the period(1) |
|
|
— |
|
|
|
802 |
|
|
|
— |
|
|
|
1,669 |
|
Net loss available to stockholders of Common Stock |
|
$ |
11,161 |
|
|
$ |
4,842 |
|
|
$ |
33,158 |
|
|
$ |
12,265 |
|
Denominator: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used in computing net loss per share of Common
Stock, basic and diluted(2) |
|
|
35,005,979 |
|
|
|
4,208,088 |
|
|
|
31,485,067 |
|
|
|
4,206,226 |
|
Net loss per share of Common Stock, basic and diluted |
|
$ |
0.32 |
|
|
$ |
1.15 |
|
|
$ |
1.05 |
|
|
$ |
2.92 |
|
|
(1) |
The net loss used for the computation of basic and diluted net loss per share with respect to 2017 include 8% per share per annum compounded annually which was related to distributions for preferred stockholders of Eloxx Limited. On December 19, 2017, in conjunction with the Reverse Merger all preferred shares were converted to common shares. |
|
(2) |
The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as their effect would be anti-dilutive: |
|
|
Nine months ended September 30, |
|
|
|
2018 |
|
|
2017 |
|
Options to purchase common stock |
|
|
3,611,400 |
|
|
|
1,915,887 |
|
Restricted stock units |
|
|
767,743 |
|
|
|
— |
|
Warrants |
|
|
347,241 |
|
|
|
3,779,704 |
|
Preferred stock |
|
|
— |
|
|
|
14,735,667 |
|
Total potential common stock equivalents |
|
|
4,726,384 |
|
|
|
20,431,258 |
|
|