XOMA Royalty Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Loss per Share of Common Stock

Net Loss per Share of Common Stock

12 Months Ended

Dec. 31, 2016

11. Net Loss per Share of Common Stock

Potentially dilutive securities are excluded from the calculation of diluted net loss per share of common stock if their inclusion is anti-dilutive.

The following table shows the weighted-average outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net loss per share (in thousands):

	Year Ended December 31,
	2016		2015		2014
Common stock options and RSUs		548		550		324
Warrants for common stock		894		960		104
Total		1,442		1,510		428

The following is a reconciliation of the numerators and denominators used in calculating basic and diluted net loss per share of common stock (in thousands):

	Year Ended December 31,
	2016			2015			2014
Numerator
Net loss, basic	$	(53,530	)	$	(20,606	)	$	(38,301	)
Adjustment for revaluation of contingent warrant liabilities		—			—			(39,512	)
Net loss, diluted	$	(53,530	)	$	(20,606	)	$	(77,813	)

Denominator
Weighted average shares outstanding used for basic net loss per share		6,021			5,890			5,372
Effect of dilutive warrants		—			—			395
Weighted average shares outstanding and dilutive securities used for diluted net loss per share		6,021			5,890			5,767

Basic net loss per share of common stock	$	(8.89	)	$	(3.50	)	$	(7.13	)
Diluted net loss per share of common stock	$	(8.89	)	$	(3.50	)	$	(13.49	)