Net Loss Per Share
 6 Months Ended
Jun. 30, 2019
Net Loss Per Share  
Net Loss Per Share

13. Net Loss per Share

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 

 

Six Months Ended June 30, 

 

 

    

2019

    

2018

    

2019

    

2018

    

Numerator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Net Loss

 

$

(39,390)

 

$

(21,239)

 

$

(71,971)

 

$

(35,650)

 

 

 

 

  

 

 

 

 

 

  

 

 

  

 

Denominator:

 

 

  

 

 

  

 

 

  

 

 

  

 

Weighted average common shares outstanding, basic and diluted

 

 

78,396,714

 

 

8,727,392

 

 

77,972,757

 

 

8,542,362

 

Net loss per share, basic and diluted

 

$

(0.50)

 

$

(2.43)

 

$

(0.92)

 

$

(4.17)

 

 

The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares from the periods in the table above, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

 

 

 

 

 

June 30, 

 

 

    

2019

    

2018

 

Convertible preferred stock (as converted to common stock)

 

 —

 

51,845,438

 

Warrants to purchase convertible preferred stock (as converted to common stock)

 

 —

 

135,567

 

Restricted common stock

 

1,401,858

 

3,058,612

 

Stock options to purchase common stock

 

16,066,547

 

11,961,731

 

 

 

17,468,405

 

67,001,348