Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

 v2.3.0.11
Net Loss Per Common Share
 6 Months Ended
Jun. 30, 2011
Net Loss Per Common Share  
Net Loss Per Common Share

NOTE 2— NET LOSS PER COMMON SHARE

Basic net loss per common share is computed by dividing net loss per share by the weighted-average number of vested common shares outstanding during the period. Diluted net loss per common share is computed by giving effect to all potential dilutive common shares, including outstanding options and warrants. A reconciliation of the numerator and denominator used in the calculation is as follows (in thousands, except per share amounts):

 

     Three Months Ended
June 30,		     Six Months Ended
June 30,		  
     2011     2010     2011     2010  

Numerator:

         

Net loss

    $ (7,923 )    $ (261 )    $ (16,253 )    $ (6,220 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Denominator:

         

Weighted average common shares outstanding

      48,805        33,638        42,659        33,621   
  

 

 

    

 

 

    

 

 

    

 

 

  

Basic and diluted net loss per share

    $ (0.16 )    $ (0.01 )    $ (0.38 )    $ (0.19 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

The following outstanding warrants, options and purchase rights under the Company's 2004 Employee Stock 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):

 

     As of June 30,  
     2011      2010  

Shares issuable upon exercise of warrants

      16,643         10,918   

Shares issuable upon exercise of stock options

      3,580         2,685   

Shares issuable related to the ESPP

      65         62