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Net Loss Per Share
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share

3. NET LOSS PER SHARE

Basic and diluted net loss per share have been computed by dividing the net loss by the weighted-average number of common shares outstanding during the period, without consideration of common share equivalents as their effect would have been antidilutive.

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

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

Net loss attributable to CareDx, Inc. used to compute basic

  and diluted net loss per share

 

$

(8,969

)

 

$

(5,562

)

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares used to compute basic and diluted

   net loss per share attributable to CareDx, Inc.

 

 

29,615,441

 

 

 

21,343,782

 

Net loss per share attributable to CareDx, Inc.:

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.30

)

 

$

(0.26

)

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

 

 

 

March 31,

 

 

 

2018

 

 

2017

 

Shares of common stock subject to outstanding options

 

 

1,940,010

 

 

 

1,881,416

 

Shares of common stock subject to outstanding common

   stock warrants

 

 

3,633,565

 

 

 

4,509,926

 

Shares of common stock subject to convertible notes

 

 

 

 

 

6,092,105

 

Shares of common stock subject to contingent consideration

 

 

227,845

 

 

 

227,845

 

Restricted stock units

 

 

441,804

 

 

 

440,910

 

Total common stock equivalents

 

 

6,243,224

 

 

 

13,152,202

 

 

On October 10, 2017, the Company completed an underwritten public offering (the “2017 Public Offering”), pursuant to which the Company issued and sold an aggregate of 4,992,840 shares.  During 2017 and the three months ended March 31, 2018, 6,415,039 shares of common stock subject to convertible notes were issued due to the conversion of the JGB debt.