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Net Loss Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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