The Company calculates basic net income (loss) per share by dividing net income (loss) for each respective period by the weighted-average number of common shares outstanding for each respective period. The Company computes diluted net income (loss) per share after giving consideration to the dilutive effect of unvested RSUs, stock options, unsettled ESPP contributions, and warrants that are outstanding during the period, except where such securities would be anti-dilutive.

The computations of basic and diluted net loss per share attributable to common stockholders are as follows:


	Three months ended March 31,
	2025			2024
(Loss) income from operations (in thousands)	$	(20,565	)	$	8,588
Net (loss) income (in thousands)	$	(20,565	)	$	8,588

Basic weighted-average common shares		9,292,066			5,060,978
Dilutive impact of share-based awards		—			2,428
Diluted weighted-average common shares (1)		9,292,066			5,063,406

Basic net (loss) income per share:
Basic (loss) income from operations		(2.21	)		1.70
Basic net (loss) income per share		(2.21	)		1.70

Diluted net (loss) income per share:
Diluted (loss) income from operations		(2.21	)		1.70
Diluted net (loss) income per share		(2.21	)		1.70

(1) For the three months ended March 31, 2025 all outstanding total common stock equivalents were excluded from the diluted calculation as their inclusion would have been anti-dilutive. 3,007,564 total common stock equivalents were excluded from the diluted weighted-average common shares calculation for the three months ended March 31, 2024 as their inclusion would have been anti-dilutive.