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Net Loss per Share (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Earnings Per Share [Abstract]    
Computation of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company for the three and nine months ended September 30, 2020 and September 30, 2019:

 

    

Three Months Ended
September 30,

   

Nine Months Ended
September 30,

 

In thousands, except for net loss per share

  

2020

   

2019

   

2020

   

2019

 

Net loss

   $ (30,737   $ (6,683   $ (58,761   $ (12,247

Accretion of redeemable series A-1 preferred stock

     (6,542     (5,030     (17,601     (14,341

Redeemable series A-1 preferred stock deemed dividend

     (24,341     —         (24,341     —    

Convertible and redeemable series A-2 preferred stock dividend

     (2,870     —         (2,870     —    
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss attributable to common stockholders—basic and diluted

     (64,490     (11,713     (103,573     (26,588

Weighted-average common shares outstanding—basic and diluted

     21,554       8,718       13,669       8,640  
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share attributable to common stockholders—basic and diluted

   $ (2.99   $ (1.34   $ (7.58   $ (3.08
  

 

 

   

 

 

   

 

 

   

 

 

 

 

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders of the Company for the years ended December 31, 2019 and 2018:

 

In thousands, except for net loss per share

  

2019

   

2018

 

Net loss

   $ (23,557   $ (16,491

Convertible preferred stock deemed dividend, net of return from holders

       (932

Accretion of redeemable series A- 1 preferred stock

     (19,616     (3,605
  

 

 

   

 

 

 

Net loss attributable to common stockholders—basic and diluted

     (43,173     (21,028

Weighted- average common shares outstanding—basic and diluted

     8,789       7,533  
  

 

 

   

 

 

 

Net loss per share attributable to common stockholders—basic and diluted

   $ (4.91   $ (2.79
  

 

 

   

 

 

 
Equity Shares Excluded from Calculation of Diluted Net Loss per Share Attributable to Common Stockholders

The following equity shares were excluded from the calculation of diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the three and nine months ended September 30, 2020 and September 30, 2019:

 

    

September 30,

 
    

2020

    

2019

 

Stock options

     2,423,900        2,062,825  

Restricted stock

     176,384        158,426  

Warrants

     116,350        116,350  

The following equity shares were excluded from the calculation of diluted net loss per share attributable to common stockholders because their effect would have been anti-dilutive for the years ended December 31, 2019 and 2018:

 

    

2019

    

2018

 

Stock options

     2,048,738        1,321,890  

Restricted stock

     153,352        112,637  

Warrants

     116,350        108,267