Net Loss Per Share

6 Months Ended

Jun. 30, 2022

Note 8. Net Loss Per Share

Upon us adopting ASU 2020-06 using the modified retrospective transition method on January 1, 2021, we applied the “if-converted” method for calculating any potential dilutive effect of the conversion of the 2019 Notes or the 2021 Notes on diluted net loss per share for the three and six months ended June 30, 2022 and June 30, 2021.

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net loss per share for the periods presented (in thousands, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Numerator:
Net loss	$	(11,523	)	$	(8,906	)	$	(21,984	)	$	(18,322	)
Denominator:
Weighted-average shares outstanding — basic and diluted		25,429			24,120			25,204			23,895
Net loss per share — basic and diluted	$	(0.45	)	$	(0.37	)	$	(0.87	)	$	(0.77	)

The following table presents the outstanding shares of our common stock equivalents excluded from the computation of diluted net loss per share as of the dates presented because their effect would have been antidilutive (in thousands):


	Three and Six Months Ended June 30,
	2022		2021
Stock options		2,047		2,645
RSUs, MSUs, and PSUs		1,714		1,582
Employee stock purchase plan shares		29		31
2019 Notes		—		2,496
2021 Notes		2,589		—