Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.7.0.1
Net Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator

A reconciliation of the numerator and denominator used in the calculation is as follows (in thousands, except per share amounts):

 

 

Three Months Ended

March 31,

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

Net loss

$

(5,074

)

 

$

(7,852

)

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

71,575

 

 

 

71,488

 

 

 

 

 

 

 

 

 

Net loss per share

 

 

 

 

 

 

 

Basic

$

(0.07

)

 

$

(0.11

)

Diluted

$

(0.07

)

 

$

(0.11

)

 

Warrants, Options and Purchase Rights Excluded from Computation of Diluted Net Loss Per Share

The following outstanding warrants, options and purchase rights under the Company’s 2004 Employee Stock Purchase Plan (“2004 Purchase Plan”) were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect (in thousands):

 

 

Three Months Ended

March 31,

 

 

2017

 

 

2016

 

Shares issuable upon exercise of warrants

 

8,300

 

 

 

8,300

 

Shares issuable upon exercise of stock options

 

10,827

 

 

 

11,561

 

Shares issuable related to the 2004 Purchase Plan

 

20

 

 

 

39