Calyxt, Inc. Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

3 Months Ended

Mar. 31, 2020

4. NET LOSS PER SHARE

Basic and diluted loss per share was calculated using the following:

	For the Three Months Ended March 31,
In Thousands, Except Share Data and Per Share Amounts	2020			2019
Net loss	$	(11,063	)	$	(7,375	)
Weighted average shares outstanding - basic and diluted		32,988,141			32,677,944
Basic and diluted loss per share	$	(0.34	)	$	(0.23	)

	As of March 31,
	2020		2019
Anti-dilutive stock options, restricted stock units, and performance stock units		5,328,268		4,385,595

All outstanding stock options and restricted stock units are excluded from the calculation since they are anti-dilutive.

We have not used the treasury method in determining the number of anti-dilutive stock options and restricted stock units in the table above.