Note 9 - NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2022

NET LOSS PER SHARE

NET LOSS PER SHARE

9. NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss by weighted average number of common shares outstanding for the period (excluding outstanding stock options and shares subject to repurchase). Diluted net loss per share is computed using

the weighted-average number of common shares outstanding for the period plus the potential effect of dilutive securities which are convertible into common shares (using the treasury stock method), except in cases in which the effect would be anti-dilutive. The following is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per share (in thousands except per share amount):

	Three Months Ended March 31,
	2022		2021
Numerator:
Net loss	$	(4,150)	$	(7,597)
Denominator:
Basic weighted-average shares outstanding		37,606		36,974
Effect of dilutive options and restricted stock units		—		—
Diluted weighted-average shares outstanding		37,606		36,974
Net loss per share, basic and diluted	$	(0.11)	$	(0.21)

For the three months ended March 31, 2022 and 2021, because the Company was in a loss position, basic net loss per share is the same as diluted net loss per share as the inclusion of the potential common shares would have been anti-dilutive.

The following table sets forth potential shares of common stock that were not included in the diluted net loss per share calculation above because to do so would be anti-dilutive for the periods indicated (in thousands):

	Three Months Ended March 31,
	2022	2021
Outstanding options	102	224
Nonvested restricted stock units	905	1,107
Employee Stock Purchase Plan	94	10
Total	1,101	1,341