Quarterly report [Sections 13 or 15(d)]

Basic and Diluted Net Loss per Share

v3.25.2
Basic and Diluted Net Loss per Share
6 Months Ended
Jun. 30, 2025
Net loss per share:  
Basic and Diluted Net Loss per Share

Note 3. Basic and Diluted Net Loss per Share

 

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

 

    2025     2024     2025     2024  
    Three Months Ended June 30,     Six Months Ended June 30,  
    2025     2024     2025     2024  
    (In thousands, except share and per share data)     (In thousands, except share and per share data)  
Numerator:                        
Net loss   $ (13,756 )   $ (172 )   $ (39,167 )   $ (28,486 )
Denominator:                                
Basic weighted average shares outstanding     14,041,712       565,026       13,721,680       534,381  
Diluted weighted average shares outstanding     14,041,712       565,026       13,721,680       534,381  
                                 
Net loss per share                                
Basic   $ (0.98 )   $ (0.30 )   $ (2.85 )   $ (53.31 )
Diluted   $ (0.98 )   $ (0.30 )   $ (2.85 )   $ (53.31 )

 

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:

 

    For the Three and Six Months Ended
June 30,
 
    2025     2024  
             
Common stock warrants     36,892       207,417  
Common stock options     9,971       20,808  
Restricted stock units     303,577       36,384  
Total potentially dilutive common share equivalents     350,440       264,609  

 

Total potentially dilutive common share equivalents for the three and six months ended June 30, 2025 and 2024 excludes 41,444 shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.