Net Loss Per Share

9 Months Ended

Sep. 30, 2021

NET LOSS PER SHAREBasic net loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of stock-based awards and warrants. Diluted net loss per common share is computed giving effect to all potential dilutive common shares, including common stock issuable upon exercise of stock options, and unvested restricted common stock and stock units. As we had net losses for the three and nine months ended September 30, 2021 and 2020, all potential common shares were determined to be anti-dilutive.

The following table sets forth the computation of net loss per common share (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator:
Net loss	$	(43,587)	$	(18,108)	$	(121,931)	$	(65,437)
Denominator:
Weighted average common shares outstanding - basic and diluted	104,145		89,366		100,480		89,110
Net loss per share - basic and diluted	$	(0.42)	$	(0.20)	$	(1.21)	$	(0.73)

For the three and nine months ended September 30, 2021, the total number of securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share because the effect would have been antidilutive was 13.2 million and 13.4 million, respectively.

For the three and nine months ended September 30, 2020, the total number of securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share because the effect would have been antidilutive was 9.6 million and 10.4 million, respectively.