Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

 v2.3.0.11
Net Loss Per Share
 6 Months Ended
Jul. 31, 2011
Net Loss Per Share  
Net Loss Per Share
8. Net Loss Per Share

Basic net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding during the period.

Diluted net loss per share is computed by giving effect to all potential shares of common stock, including stock options, convertible preferred stock warrants and redeemable convertible preferred stock, to the extent dilutive. Basic and diluted net loss per share was the same for each period presented as the inclusion of all potential common shares outstanding would have been anti-dilutive.

The following table sets forth the computation of historical basic and diluted net loss per share (in thousands except per share amounts):

 

     Three Months Ended
July 31,		     Six Months Ended
July 31,		  
     2010     2011     2010     2011  

Numerator

         

Net income (loss)

    $ 1,632      $ (1,812 )    $ (1,372 )    $ (8,566 ) 

Accretion of redeemable convertible preferred stock

      (75 )      (40 )      (156 )      (110 ) 

Increase in cumulative dividends payable upon conversion of liquidation of redeemable convertible preferred stock

      (1,946 )      (1,328 )      (3,829 )      (3,648 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net loss attributable to common stockholders

    $ (389 )    $ (3,180 )    $ (5,357 )    $ (12,324 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Denominator

         

Weighted-average common shares outstanding used in computing basic and diluted net loss per share

      10,894        82,389        9,396        49,204   
  

 

 

    

 

 

    

 

 

    

 

 

  

Net loss per share, basic and diluted

    $ (0.04 )    $ (0.04 )    $ (0.57 )    $ (0.25 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net loss was increased by the cumulative dividends payable upon conversion or liquidation of redeemable convertible preferred shares earned during the period to arrive at net loss attributable to common stockholders for the three and six months ended July 31, 2010. For the three and six months ended July 31, 2011 dividends were accrued up through the conversion at the close of the IPO.

 

The following potential common shares outstanding were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive (in thousands):

 

     As of July 31,  
     2010      2011  

Options to purchase common stock

      30,908         36,894   

Warrants to purchase convertible preferred stock

      403         —     

Warrants to purchase common stock

      —           155   

Convertible preferred stock

      137,295         —     
  

 

 

     

 

 

  

Total common stock equivalents

      168,606         37,049