| Net (Loss) Income Per Share |
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 |
|
|