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Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

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

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(84,710

)

 

$

(49,594

)

Denominator:

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

45,385,489

 

 

 

36,357,336

 

Less: weighted-average common shares subject to

   repurchase

 

 

(1,559,498

)

 

 

(1,739,099

)

Weighted-average common shares used to compute

   basic and diluted net loss per share

 

 

43,825,991

 

 

 

34,618,237

 

Net loss per share, basic and diluted

 

$

(1.93

)

 

$

(1.43

)

Summary of Outstanding Potentially Dilutive Securities Excluded from Computation of Diluted Net Loss per Share

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

 

 

 

At December 31,

 

 

 

2019

 

 

2018

 

Common stock options issued and outstanding

 

 

4,738,004

 

 

 

1,458,079

 

Unvested early exercised common stock options

 

 

455,158

 

 

 

927,123

 

Unvested restricted stock issued as part

   of collaboration agreement

 

 

1,257,651

 

 

 

-

 

Unvested restricted common stock

 

 

-

 

 

 

289,352

 

Total

 

 

6,450,813

 

 

 

2,674,554