| Computation of Basic and Diluted Net Income (Loss) Per Share |
The computation of basic and diluted net income (loss) attributable
to common stockholders per share consists of the following:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2014 |
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2013 |
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2014 |
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2013 |
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(In thousands, except
share and per share data)
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Numerator:
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Net income (loss)
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$ |
(2,412 |
) |
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$ |
(12,703 |
) |
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$ |
(63,607 |
) |
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$ |
(30,660 |
) |
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Deemed dividends on participating preferred stock (inclusive of
issuance costs and changes in redemption value, including
extinguishment):
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Series B
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— |
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— |
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— |
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29,622 |
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Series A
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— |
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— |
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— |
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55,543 |
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Total preferred stock deemed dividends
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— |
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— |
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— |
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85,165 |
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Earnings attributable to participating convertible preferred stock
shareholders and Series C preferred stock warrant holders
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— |
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— |
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— |
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(52,309 |
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Net income (loss) attributable to common stockholders
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$ |
(2,412 |
) |
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$ |
(12,703 |
) |
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$ |
(63,607 |
) |
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$ |
2,196 |
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Denominator:
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Weighted average shares outstanding, basic
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22,997,060 |
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3,137 |
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8,762,866 |
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3,137 |
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Effect of warrants to purchase common stock
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— |
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— |
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— |
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121 |
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Weighted average shares outstanding, diluted
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22,997,060 |
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3,137 |
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8,762,866 |
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3,258 |
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Net income (loss) attributable to common stockholders per share,
basic
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$ |
(0.10 |
) |
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$ |
(4,049.41 |
) |
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$ |
(7.26 |
) |
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$ |
700.03 |
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Effect of warrants to purchase common stock
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— |
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— |
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— |
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(25.93 |
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Net income (loss) attributable to common stockholders per share,
diluted
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$ |
(0.10 |
) |
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$ |
(4,049.41 |
) |
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$ |
(7.26 |
) |
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$ |
674.10 |
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| Summary of Potential Dilutive Common Shares Excluded from Computation of Diluted Net Income (Loss) Attributable to Common Stockholders Per Common Share |
Potential dilutive common shares that were excluded from the
computation of diluted net income (loss) attributable to common
stockholders per share because they were anti-dilutive consist of
the following:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2014 |
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2013 |
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2014 |
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2013 |
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Series C (including Series C warrants) (a)
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— |
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104,734 |
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— |
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— |
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Series B (a)
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— |
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2,905 |
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— |
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— |
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Series A (a)
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— |
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8,389 |
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— |
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— |
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Common stock options
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1,031,017 |
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281 |
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1,031,017 |
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281 |
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Restricted common stock units
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318,517 |
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— |
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318,517 |
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— |
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Common stock warrants
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131 |
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— |
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131 |
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— |
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Total
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1,349,665 |
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116,309 |
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1,349,665 |
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281 |
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| (a) |
Common stock equivalent reflecting
conversion. |
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