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Net Loss per Share Attributable to Common Stockholders
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Loss per Share Attributable to Common Stockholders

9. Net Loss per Share Attributable to Common Stockholders

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

 

 

 

Three Months Ended

March 31,

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

As Revised (Note 2)

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(17,820

)

 

$

(14,762

)

Net loss attributable to common stockholders, basic and diluted

 

$

(17,820

)

 

$

(14,762

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

35,889,835

 

 

 

31,428,564

 

Less: weighted average shares subject to repurchase

 

 

(62,600

)

 

 

(339,254

)

Weighted average shares used to compute basic and diluted net

   loss per share

 

 

35,827,235

 

 

 

31,089,310

 

Net loss per share attributable to common stockholders, basic

   and diluted

 

$

(0.50

)

 

$

(0.47

)

 

The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been antidilutive:

 

 

 

As of March 31,

 

 

 

2018

 

 

2017

 

Common stock subject to repurchase

 

 

51,767

 

 

 

298,915

 

Stock options to purchase common stock

 

 

3,793,364

 

 

 

3,183,304

 

 

As of March 31, 2018, the Company has contributions from plan participants of $367,000 under the 2015 ESPP, which if converted, would be equivalent to 11,066 shares based on 85% of the stock price at the beginning of the offering period. As of March 31, 2017, the Company had contributions from plan participants of $338,400 under the 2015 Employee Stock Purchase Plan, which if converted, would have been equivalent to 29,381 shares based on 85% of the stock price at the beginning of the offering period.