4 unchanged sentences
Holders of Record
−Removed: As of February 28, 2020, there were approximately 690 holders of record of our common stock.
+Added: As of January 31, 2021, there were approximately 730 holders of record of our common stock.
Because many of our shares of common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of beneficial owners of our common stock represented by these record holders.
3 unchanged sentences
Any future determination to declare dividends will be made at the discretion of our board of directors, subject to applicable laws, and will depend on our financial condition, operating results, capital requirements, general business conditions, and other factors that our board of directors may deem relevant.
+Added: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: The information required by this item will be included in our Proxy Statement for the 2021 Annual Meeting of Stockholders to be filed with the SEC within 120 days of the fiscal year ended December 31, 2020, and is incorporated herein by reference.
Stock Performance Graph
6 unchanged sentences
Recent Sales of Unregistered Securities
+Added: In October 2020, we issued 49,971 shares of our common stock upon the cashless exercise of a warrant to purchase up to an aggregate of 500,000 shares of common stock.
+Added: The warrant was exercised as to all 50,000 then-vested and exercisable shares.
+Added: In lieu of a cash payment, the holder of the warrant surrendered 29 shares of common stock to cover the exercise price in accordance with the terms of the warrant.
+Added: The offer, sale, and issuance of these securities was deemed to be exempt from registration under the Securities Act in reliance on Section 4(a)(2) of the Securities Act.
+Added: The recipient of securities acquired the securities for investment only and not with a view to or for sale in connection with any distribution thereof and appropriate legends were affixed to the securities issued in this transaction.
+Added: The recipient of the securities was an accredited or sophisticated person and had adequate access, through business or other relationships, to information about us.
Use of Proceeds
3 unchanged sentences
We derived the selected consolidated statements of operations data for the years ended December 31, 2020, 2019, and 2018 and the consolidated balance sheet data as of December 31, 2020 and 2019 from our audited consolidated financial statements that are included elsewhere in this Annual Report.
−Removed: We derived the selected consolidated statements of operations data for the year ended December 31, 2016 and the selected consolidated balance sheet data as of December 31, 2017 and 2016 from our audited consolidated financial statements not included in this Annual Report.
+Added: We derived the selected consolidated statements of operations data for the years ended December 31, 2017 and 2016 and the selected consolidated balance sheet data as of December 31, 2018, 2017, and 2016 from our audited consolidated financial statements not included in this Annual Report.
Our historical results are not necessarily indicative of the results that may be expected for any other period in the future.
On December 31, 2019, we adopted Topic 606 effective as of January 1, 2019 using the modified retrospective method.
−Removed: Financial results for the year ended December 31, 2019 are presented in accordance with this new revenue recognition standard.
+Added: Financial results for the years ended December 31, 2020 and 2019 are presented in accordance with this new revenue recognition standard.
Historical financial results for reporting periods prior to 2019 are presented in conformity with amounts previously disclosed under the prior revenue recognition standard, Topic 605.
−Removed: The following historical selected consolidated financial data should be read in conjunction with, and are qualified in their entirety by reference to, the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and the related notes included elsewhere in this Annual Report.
+Added: The following historical selected consolidated financial data should be read in conjunction with, and are qualified in their entirety by reference to, the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and the related notes included elsewhere in this Annual Report.
You should read this information in conjunction with the sections titled “Business” and “Risk Factors” included elsewhere in this Annual Report.
29 unchanged sentences
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic and diluted
+Added: 118,699 109,815 52,328 32,945 32,072
Other Financial and Operating Data:
14 unchanged sentences
Total $ 25,508 $ 18,798 $ 10,361 $ 6,846 $ 7,266
−Removed: (2) See “Note 2 —Basis of Presentation and Summary of Significant Accounting Policies” and “Note 12 —Net Loss per Share Attributable to Common Stockholders” of the notes to our consolidated financial statements included elsewhere in this Annual Report for an explanation of the calculations of our net loss per share attributable to common stockholders, basic and diluted.
−Removed: (3) For a discussion of limitations in the measurement of core clients, GSV, client spend retention, and marketplace take rate, see the section titled “Risk Factors—We track certain performance metrics with internal tools and do not independently verify such metrics.
+Added: (2) See “Note 2 —Basis of Presentation and Summary of Significant Accounting Policies” and “Note 12 —Net Loss per Share” of the notes to our consolidated financial statements included elsewhere in this Annual Report for an explanation of the calculations of our net loss per share, basic and diluted.
+Added: (3) For a discussion of limitations in the measurement of core clients, GSV, client spend retention, and marketplace take rate, see the section titled “Risk Factors—We track certain performance metrics with internal tools and do not independently
+Added: verify such metrics.
Certain of our performance metrics are subject to inherent challenges in measurement, and real or perceived inaccuracies in such metrics may harm our reputation and negatively affect our business.”
52 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.