v3.25.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share

10. NET LOSS PER SHARE

The following table sets forth the computation of the Company’s basis in diluted net loss per share, as adjusted to give effect to the reverse stock split for the three months ended March 31, 2025 and 2024 (in thousands, except share and per share amounts):

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(10,860

)

 

$

(7,904

)

Denominator:

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

3,437,671

 

 

 

1,710,323

 

Weighted-average shares used in computing basic and diluted net loss per share

 

 

3,437,671

 

 

 

1,710,323

 

Net loss per share attributable to common stockholders—basic and diluted

 

$

(3.16

)

 

$

(4.62

)

 

As of March 31, 2025 and 2024, the Company’s potentially dilutive securities included unvested stock warrants and stock options, which have been excluded from the computation of diluted net loss per share attributable to common stockholders as the effect would be anti-dilutive. The issuance of pre-funded warrants and vested RSUs have been included in the computation of basic and diluted net loss per share attributable to common stockholders. Based on the amounts outstanding as of March 31, 2025 and 2024, the Company excluded the following potential common shares from the computation of diluted net loss per share attributable to common stockholders because including them would have had an anti-dilutive effect, as adjusted to give effect to the reverse stock split:

 

 

 

As of March 31,

 

 

 

2025

 

 

2024

 

Options to purchase common stock

 

 

450,104

 

 

 

302,958

 

Common stock warrants

 

 

464

 

 

 

464

 

Total

 

 

450,568

 

 

 

303,422