Net (Loss) Income Per Share

6 Months Ended

Jun. 30, 2021

11. Net (Loss) Income Per Share

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

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2021			2020		2021			2020
	(in thousands, except share and per share amounts)
Numerator:
Net (loss) income, basic and diluted	$	(6,152	)	$	29,872	$	(36,511	)	$	10,277
Denominator:
Weighted-average shares used to compute basic EPS		46,116,175			29,900,913		46,007,892			26,510,873
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		46,116,175			31,777,960		46,007,892			28,538,279
Net (loss) income per share:
Basic	$	(0.13	)	$	1.00	$	(0.79	)	$	0.39
Diluted	$	(0.13	)	$	0.94	$	(0.79	)	$	0.36

The following common stock equivalents were excluded from the computation of diluted net loss per share for

the periods ended June 30, 2021, because including them would have been antidilutive:

	As of June 30,
	2021
Common stock options issued and outstanding		6,250,931
Restricted stock units issued and outstanding		1,988,426
Warrants to purchase common stock		153,070
Employee stock purchase plan		36,902
Total		8,429,329