Quarterly report [Sections 13 or 15(d)]

Basic and Diluted Net Loss per Share (Tables)

v3.25.1
Basic and Diluted Net Loss per Share (Tables)
3 Months Ended
Mar. 31, 2025
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 loss per share attributable to common stockholders:

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

 

(In thousands, except share and per share data)

 

Numerator:

 

 

 

 

 

 

Net (loss)

 

$

(25,411

)

 

$

(28,314

)

Denominator:

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

200,971,566

 

 

 

7,436,976

 

Diluted weighted average shares outstanding

 

 

200,971,566

 

 

 

7,436,976

 

 

 

 

 

 

 

 

Net (loss) per share

 

 

 

 

 

 

Basic

 

$

(0.13

)

 

$

(3.81

)

Diluted

 

$

(0.13

)

 

$

(3.81

)

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:

 

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

Common stock warrants

 

 

553,326

 

 

 

1,455,571

 

Common stock options

 

 

254,291

 

 

 

325,564

 

Restricted stock units

 

 

257,256

 

 

 

521,729

 

Total potentially dilutive common share equivalents

 

 

1,064,873

 

 

 

2,302,865