Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v3.20.1
Net Loss Per Share
12 Months Ended
Dec. 31, 2019
Net Loss Per Share  
Note 2. Net Loss Per Share

Basic net loss per share is computed using the weighted-average number of common shares outstanding during the year except that it does not include unvested common shares subject to repurchase or cancellation. Diluted net income per share is computed using the weighted-average number of common shares and, if dilutive, potential common shares outstanding during the year. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options, warrants, and unvested common shares subject to repurchase or cancellation. The dilutive effect of outstanding stock options, and warrants is not reflected in diluted earnings per share because the Company incurred net losses for the years ended December 31, 2019 and 2018, and the effect of including these potential common shares in the net loss per share calculations would be anti-dilutive, therefore not included in the calculations.

 

The following table sets forth the computation of the basic and diluted loss per share (rounded in millions except shares outstanding and per share amounts):

 

 

2019

 

2018

 

Numerator:

 

Net loss attributable to common stockholders

 

$

(11.3

)

 

$

(19.0

)

Denominator:

 

Weighted-average common shares outstanding

 

3,107,580

 

2,219,687

 

Basic and diluted net loss per share

 

$

(3.63

)

 

$

(8.54

)