Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.21.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Net Loss Per Share

18. NET LOSS PER SHARE

The following table sets forth the calculation of basic and diluted net loss per share during the period presented (in thousands, except share and per share data):

 

 

 

Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

Net loss

 

$

(10,358

)

 

$

(8,823

)

Weighted average shares used to compute net loss per common share, basic and diluted

 

 

30,364,943

 

 

 

19,979,589

 

Net loss per common share, basic and diluted

 

$

(0.34

)

 

$

(0.44

)

 

The Company generated a net loss for each of the three months ended March 31, 2021 and 2020. Accordingly, the effect of dilutive securities is not considered in the loss per share for such periods because their effect would be anti-dilutive on the net loss per share.

For the three months ended March 31, 2021, the weighted average number of outstanding shares of common stock equivalents, which were excluded from the calculation of the diluted net loss per share as their effect would be anti-dilutive, was 12,704,582 (14,346,056 for the three months ended March 31, 2020).