Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Summary of Computation of Company's Basic and Diluted Net Loss per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share.

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2020		2019			2020		2019
Numerator:
Net income (loss), basic and diluted	$	29,872	$	(13,793	)	$	10,277	$	(28,043	)
Denominator:
Weighted-average shares used to compute basic EPS		29,900,913		22,926,390			26,510,873		22,895,902
Dilutive effect of common stock options		1,020,799		–			1,124,799		–
Dilutive effect of restricted stock units		774,991		–			774,991		–
Dilutive effect of warrants to purchase common stock		81,257		–			127,616		–
Weighted-average shares used to compute diluted EPS		31,777,960		22,926,390			28,538,279		22,895,902
Net income (loss) earnings per share:
Basic	$	1.00	$	(0.60	)	$	0.39	$	(1.22	)
Diluted	$	0.94	$	(0.60	)	$	0.36	$	(1.22	)

Summary of Common Stock Equivalents of Antidilutive Securities Excluded from Computation of Diluted Net Loss per Share

The following common stock equivalents were excluded from the computation of diluted net loss per share for the periods ended June 30, 2019, because including them would have been antidilutive:

	As of June 30,
		2019
Common stock options issued and outstanding			3,903,653
Restricted stock units issued and outstanding			458,190
Warrants to purchase common stock			71,813
Total			4,433,656