Net Loss Per Common Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net Loss Per Common Share

11. Net Loss Per Common Share

Basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period, without consideration for common stock equivalents. Diluted net loss per share is the same as basic net loss per share, since the effects of potentially dilutive securities are antidilutive given the net loss for each period presented.

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

	Three Months Ended March 31,
	2020			2019
Numerator:
Net loss	$	(26,206	)	$	(18,009	)
Denominator:
Weighted-average common shares outstanding, basic and diluted		36,798,562			28,938,891
Net loss per share, basic and diluted	$	(0.71	)	$	(0.62	)

Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods as the inclusion of all potential common shares outstanding would have been anti-dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

	March 31,		December 31,
	2020		2019
Options issued and outstanding and ESPP shares issuable and outstanding		4,647,441		3,179,041
Early exercised common stock subject to future vesting		7,142		30,874
Total		4,654,583		3,209,915