v3.25.2
Net Loss Per Share of Common Stock
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock Net Loss Per Share of Common Stock
The following table sets forth the computation of basic and diluted net loss per share for the three and six months ended June 30, 2025 and 2024 (in thousands, except share and per share amounts). For purposes of earnings per share, the Series B Convertible Preferred shares have the same characteristics as common stock and have no liquidation or other material preferential rights over common stock and accordingly, have been considered as a second class of common stock in the computation of net loss per share regardless of their legal form. Losses are allocated between the common shares and the Series B Convertible Preferred Stock on a pro rata basis as they share equally in losses and residual net assets on an as-converted basis.
Three months ended June 30,Six months ended June 30,
2025202420252024
Net loss attributable to common shareholders— basic and diluted(14,739)(15,259)(30,089)(27,157)
Weighted shares used in calculating net loss per common share — basic and diluted292,067,192 257,353,857 292,032,072 257,293,247 
Net loss per share attributable to common shareholders — basic and diluted$(0.05)$(0.06)$(0.10)$(0.11)
Net loss attributable to Series B Convertible Preferred shareholders — basic and diluted— (21)— (47)
Weighted shares used in calculating net loss per Series B Convertible Preferred Stock — basic and diluted— 54,745 — 54,745 
Net loss per share attributable to Series B Convertible Preferred shareholders — basic and diluted— (0.38)— (0.86)
The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding, as their inclusion would have been antidilutive:


 June 30,
20252024
Stock options to purchase common stock23,211,757 15,997,651 
RSUs925,636 1,984,568 
PSUs4,186,797 872,352 
Warrants628,664 628,834 
Total28,952,854 19,483,405