6. Basic and Diluted Net Loss Per Share
Basic net loss per share
We calculated our basic net loss per share for the three and six months ended June 30, 2024 and 2023 by dividing our net loss by our weighted-average number of common shares outstanding during the period.
Diluted net loss per share
For the three and six months ended June 30, 2024 and 2023, we incurred a net
loss; therefore, we did not include dilutive common equivalent shares in the computation of diluted net loss per share because the effect would have been anti-dilutive. Common stock from the following would have had an anti-dilutive effect on net loss
per share:
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1.75 percent convertible senior notes, or 1.75% Notes;
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0 percent convertible senior notes, or 0% Notes;
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Note hedges related to the 0% Notes;
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0.125 percent convertible senior notes, or 0.125% Notes;
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Note hedges related to the 0.125% Notes;
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Dilutive stock options;
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Unvested restricted stock units, or RSUs;
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Unvested performance restricted stock units, or PRSUs; and
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Employee Stock Purchase Plan, or ESPP.
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Additionally, as of June 30, 2024
and 2023, we had warrants related to our 0%
and 0.125% Notes outstanding. We will include the shares issuable under these warrants in our calculation of diluted earnings per share when the
average market price per share of our common stock for the reporting period exceeds the strike price of the warrants.
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