| Net Loss per Share |
Note 9. 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):
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(45,074 |
) |
|
$ |
(28,090 |
) |
|
$ |
(72,827 |
) |
|
$ |
(45,760 |
) |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average common shares outstanding |
|
|
50,153,160 |
|
|
|
45,409,588 |
|
|
|
48,053,186 |
|
|
|
44,970,831 |
|
|
Less: weighted-average common shares subject to vesting |
|
|
(1,596,317 |
) |
|
|
(1,611,870 |
) |
|
|
(1,633,462 |
) |
|
|
(1,317,506 |
) |
|
Weighted-average common shares used to compute basic and diluted net loss per share |
|
|
48,556,843 |
|
|
|
43,797,718 |
|
|
|
46,419,724 |
|
|
|
43,653,325 |
|
|
Net loss per share: basic and diluted |
|
$ |
(0.93 |
) |
|
$ |
(0.64 |
) |
|
$ |
(1.57 |
) |
|
$ |
(1.05 |
) |
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:
|
|
|
As of June 30, |
|
|
|
|
2020 |
|
|
2019 |
|
|
Common stock options issued and outstanding |
|
|
7,201,567 |
|
|
|
4,449,690 |
|
|
Unvested restricted common stock issued as part of
collaboration agreement |
|
|
1,257,651 |
|
|
|
1,257,651 |
|
|
Unvested early exercised common stock options |
|
|
311,114 |
|
|
|
665,301 |
|
|
Restricted stock units issued |
|
|
658,950 |
|
|
|
- |
|
|
Total |
|
|
9,429,282 |
|
|
|
6,372,642 |
|
|