Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share of Common Stock

v3.8.0.1
Net Loss Per Share of Common Stock
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock
3. Net Loss Per Share of Common Stock
 
Basic net loss per share of common stock is computed using the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed using the weighted average number of common stock, adjusted to include conversion of certain stock options and warrants for common stock and release of common stock in connection with restricted stock units during the period, as follows:
 
 
 
Years ended December 31,
 
 
 
2017
 
2016(1)
 
2015
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss applicable to common stockholders
 
$
(29,122)
 
$
(33,815)
 
$
(24,245)
 
Adjustment for gain on fair value of warrant liability
 
 
-
 
 
(4,286)
 
 
(2,505)
 
Adjusted net loss used for dilution calculation
 
$
(29,122)
 
$
(38,101)
 
$
(26,750)
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
Weighted-average number of shares outstanding
 
 
35,609
 
 
18,126
 
 
14,606
 
Effect of potential dilutive shares
 
 
-
 
 
496
 
 
3
 
Dilutive weighted-average number of shares outstanding
 
 
35,609
 
 
18,622
 
 
14,609
 
 
 
 
 
 
 
 
 
 
 
 
Net loss per share applicable to common stockholders
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.82)
 
$
(1.87)
 
$
(1.66)
 
Diluted
 
$
(0.82)
 
$
(2.05)
 
$
(1.83)
 
 
(1)
Recognition of previously deferred revenue and cost of goods in the year ended December 31, 2016 reduced net loss applicable to common stockholders by $2,358, or $0.13 per share (see Note 2. Basis of Presentation and Summary of Significant Accounting Policies and Estimates – Medical Device Revenue and Cost of Revenue Recognition).
 
The following potential dilutive securities were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive:
 
 
 
Years ended December 31,
 
 
 
2017
 
2016
 
2015
 
Options to purchase common stock
 
 
3,156
 
 
2,477
 
 
1,963
 
Restricted stock units
 
 
616
 
 
-
 
 
-
 
Warrants for common stock
 
 
3,396
 
 
1,963
 
 
1,963
 
Common stock issuable upon conversion of preferred shares
 
 
-
 
 
-
 
 
1,876
 
Total common stock equivalents
 
 
7,168
 
 
4,440
 
 
5,802