Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.8.0.1
Net Loss Per Share
9 Months Ended
Apr. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 8—Net Loss Per Share

 

The Company computes basic net loss per common share by dividing the applicable net loss by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing the applicable net loss by the weighted-average number of common shares outstanding during the period plus additional shares to account for the dilutive effect of potential future issuances of common stock relating to stock options and other potentially dilutive securities using the treasury stock method. There was a net loss of $10.1 million and $4.6 million for the three months ended April 30, 2018 and 2017, respectively, and $26.7 million and $15.6 million for the nine-months ended April 30, 2018 and 2017, respectively. The weighted average shares used in computing basic and diluted net loss per common share were 50,872,503 and 20,704,393 for the three months ended April 30, 2018 and 2017, respectively, and 35,806,689 and 19,809,739 for the nine months ended April 30, 2018 and 2017, respectively.

 

The Company did not include shares underlying stock options, restricted stock units and warrants issued and outstanding during any of the periods presented in the computation of net loss per share, as the effect would have been anti-dilutive. The following potentially dilutive outstanding securities were excluded from diluted net loss per share because of their anti-dilutive effect:

 

    April 30, 2018     April 30, 2017  
Stock options     8,488,570       3,731,311  
Restricted Stock Units     1,412,000       1,115,000  
Warrants     8,958,059       9,494,740  
Total     18,858,629       14,341,051