Net Loss Per Share

3 Months Ended

Jun. 30, 2015

9.	Net Loss Per Share

Basic 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 employee share-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. As the Company had net losses for each of the three months ended June 30, 2015 and 2014, all potential common shares were determined to be anti-dilutive.

The following table sets forth the computation of net loss per share attributable to common stockholders, basic and diluted (in thousands, except per share amounts):


	Three Months Ended June 30,
	2015			2014
Numerator:
Net loss	$	(15,119	)	$	(10,183	)

Denominator:
Weighted average shares used to compute net loss per share attributable to common stockholder, basic and diluted		47,190			15,756

Net loss per share—basic and diluted	$	(0.32	)	$	(0.65	)

The following outstanding options, unvested shares, warrants, and convertible preferred stock were excluded (as common stock equivalents) from the computation of diluted net loss per common share for the periods presented as their effect would have been antidilutive (in thousands):


	As of June 30,
	2015		2014
Convertible preferred stock		—		24,813
Options to purchase common stock		9,320		8,123
Common stock reserved for issuance in connection with acquisition		129		—
Restricted stock units		1,229		—
Warrants		—		49

		10,678		32,985