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Net (Loss) Income Per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net (Loss) Income Per Share

The following tables set forth the computation of the Company’s basic and diluted net (loss) income per share (in thousands, except shares and per share data):

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to CareDx, Inc. used

   to compute basic net loss per share

 

$

(39,469

)

 

$

(13,707

)

 

$

781

 

Add: interest expense related to subordinated

   convertible note

 

 

 

 

 

 

 

 

364

 

Less: gain on change in fair value of derivative

   related to subordinated convertible note

 

 

 

 

 

 

 

 

(118

)

Less: gain on extinguishment of derivative related

   to subordinated convertible note

 

 

 

 

 

 

 

 

(120

)

Net (loss) income attributable to CareDx, Inc. used

   to compute diluted net loss per share

 

$

(39,469

)

 

$

(13,707

)

 

$

907

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used to compute basic

   net (loss) income per share attributable to

   CareDx, Inc.

 

 

16,496,911

 

 

 

11,860,885

 

 

 

5,815,928

 

Effect of potentially dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Convertible preferred stock

 

 

 

 

 

 

 

 

 

Convertible preferred stock

 

 

 

 

 

 

 

 

2,972,051

 

Subordinated convertible note

 

 

 

 

 

 

 

 

134,341

 

Employee stock options

 

 

 

 

 

 

 

 

360,681

 

Weighted-average shares used to compute diluted

   net (loss) income per share attributable to

   CareDx, Inc.

 

 

16,496,911

 

 

 

11,860,885

 

 

 

9,283,001

 

Net (loss) income per share attributable to

   CareDx, Inc.:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(2.39

)

 

$

(1.16

)

 

$

0.13

 

Diluted

 

$

(2.39

)

 

$

(1.16

)

 

$

0.10

 

 

Potentially Dilutive Securities Excluded from Diluted Net (Loss) Income Per Share

The following potentially dilutive securities have been excluded from diluted net (loss) income per share, because their effect would be antidilutive:

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Shares of common stock subject to outstanding

   options

 

 

1,757,309

 

 

 

1,577,317

 

 

 

539,645

 

Shares of common stock subject to outstanding

   common stock warrants

 

 

3,259,926

 

 

 

301,069

 

 

 

213,677

 

Restricted stock units

 

 

306,245

 

 

 

106,200

 

 

 

 

Total common stock equivalents

 

 

5,323,480

 

 

 

1,984,586

 

 

 

753,322