Sonim Technologies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

Net Loss Per Share Attributable to Common Stockholders

9 Months Ended

Sep. 30, 2019

Net Loss Per Share Attributable to Common Stockholders

NOTE 12 —Net Loss Per Share Attributable to Common Stockholders

Net loss per share attributable to common stockholders for the three and nine months ended September 30, 2019 and 2018 was determined by increasing Net income (loss) for the three and nine months then ended by the number of cumulative dividends, not yet declared, on the Company's previously outstanding convertible preferred stock. The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders for the three and nine months ended:

	Three Months Ended						Nine Months Ended
	September 30						September 30
	2019			2018			2019			2018
Numerator:
Net loss allocable to common stockholders	$	(6,768	)	$	(947	)	$	(19,057	)	$	(12,108	)
Denominator:
Weighted-average shares used in computing net loss per share, basic and diluted		20,356,447			1,037,090			18,085,719			1,035,927
Net loss per share, basic and diluted	$	(0.33	)	$	(0.91	)	$	(1.05	)	$	(11.69	)

The potentially dilutive common shares that were excluded from the calculation of diluted net loss per share because their effect would have been antidilutive for the three and nine months ended September 30, 2019 and 2018, respectively, are as follows:

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2019		2018		2019		2018
Shares of convertible preferred stock		—		12,217,459		—		12,217,459
Shares subject to options to purchase common stock		1,721,121		1,356,511		1,721,121		1,356,511
Unvested restricted stock units		90,000				90,000
Shares subject to warrants to purchase convertible preferred stock				156,294		—		156,294
Shares subject to warrants to purchase common stock		956		—		956		—
Shares subject to term debt optional conversion into convertible preferred stock		—		1,457,437		—		1,457,437
Shares subject to term debt optional conversion into common stock		1,099,317		—		1,099,317		—
Total		2,911,394		15,187,701		2,911,394		15,187,701