Annual report [Section 13 and 15(d), not S-K Item 405]

Basic and Diluted Net Loss per Share (Tables)

v3.25.1
Basic and Diluted Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share to common stockholders:

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(In thousands, except share per share data)

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

(73,297

)

 

$

(135,139

)

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

12,708,975

 

 

 

5,638,821

 

Effect of dilutive securities:

 

 

 

 

 

 

Common stock warrants

 

 

 

 

 

 

Restricted stock units

 

 

 

 

 

 

Common stock options

 

 

 

 

 

 

Diluted weighted average shares outstanding

 

 

12,708,975

 

 

 

5,638,821

 

 

 

 

 

 

 

Net income (loss) per share

 

 

 

 

 

 

Basic

 

$

(5.77

)

 

$

(23.97

)

Diluted

 

$

(5.77

)

 

$

(23.97

)

Schedule of Potentially Dilutive Shares Excluded from Computation of Net Loss Per Share

The following potentially dilutive shares of common stock equivalents on an "as-converted basis” were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect:

 

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(per share data)

 

Common stock warrants

 

 

3,227,001

 

 

 

1,455,572

 

Restricted stock units

 

 

570,407

 

 

 

573,320

 

Common stock options

 

 

270,529

 

 

 

375,781

 

Total potentially dilutive common share equivalents

 

 

4,067,937

 

 

 

2,404,673