SEC Filings

S-1/A
AVEXIS, INC. filed this Form S-1/A on 02/01/2016
Entire Document
 

Table of Contents


AveXis, Inc.

Notes to Consolidated Financial Statements (Continued)

13. Net Loss Per Common Share and Unaudited Pro Forma Net Loss Per Common Share (Continued)

          The following table summarizes the calculation of the basic and diluted net loss per common share:

 
  Year ended
December 31,
  Nine months ended
September 30,
 
 
 
2013
 
2014
 
2014
 
2015
 
 
   
   
  (unaudited)
 

Numerator:

                         

Loss from continuing operations

  $ (2,213,884 ) $ (15,551,848 ) $ (11,900,982 ) $ (25,313,037 )

Less: deemed preferred dividends on common stock

        (866,569 )   (866,569 )    

Net loss attributable from continuing operations to common stockholders

  $ (2,213,884 ) $ (16,418,417 ) $ (12,767,551 ) $ (25,313,037 )

Loss from discontinued operations

    (475,530 )   (153,928 )   (153,928 )    

Net loss attributable to common stockholders           

  $ (2,689,414 ) $ (16,572,345 ) $ (12,921,479 ) $ (25,313,037 )

Denominator:

                         

Weighted-average basic and diluted common shares

    6,228,922     6,916,404     6,923,722     7,042,977  

Basic and diluted net loss per common share from continuing operations

  $ (0.35 ) $ (2.37 ) $ (1.84 ) $ (3.59 )

Basic and diluted net loss per common share from discontinued operations

    (0.08 )   (0.02 )   (0.02 )    

Basic and diluted net loss per common share

  $ (0.43 ) $ (2.39 ) $ (1.86 ) $ (3.59 )

Unaudited Pro Forma Net Loss per Common Share

          The unaudited pro forma basic and diluted net loss per common share for the year ended December 31, 2014 and the nine months ended September 30, 2015 gives effect to adjustments arising upon the closing of a qualified initial public offering. The unaudited pro forma net loss attributable to common stockholders used in the calculation of unaudited basic and diluted pro forma net loss per common share does not include the effects of deemed preferred dividends on the common stock because the calculation assumes that the conversion of the Class B-1 preferred stock into common stock had occurred on the later of January 1, 2014 or the issuance date of the preferred stock.

          The unaudited pro forma basic and diluted weighted-average common shares outstanding used in the calculation of unaudited pro forma basic and diluted net loss per common share for the year ended December 31, 2014 and the nine months ended September 30, 2015 give effect to the automatic conversion upon a qualified initial public offering of all shares of preferred stock outstanding as of December 31, 2014 and September 30, 2015 into 3,487,882 shares and 8,695,662 shares of common stock, respectively, as if the proposed initial public offering had occurred on the later of January 1, 2014 or the respective issuance dates of the preferred stock.

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