Net Loss per Share

6 Months Ended

Jun. 30, 2020

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