NOTE 9 — NET LOSS PER COMMON SHARE The following table presents the calculation of basic and diluted net loss per common share (in thousands, except per share amounts): | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Net loss | | $ | (20,884) | | $ | (15,388) | | $ | (51,461) | | $ | (26,862) | | | | | | | | | | | | | | Weighted average common shares outstanding (basic and diluted) | | | 147,847 | | | 146,943 | | | 147,723 | | | 146,900 | | | | | | | | | | | | | | Net loss per common share (basic and diluted) | | $ | (0.14) | | $ | (0.10) | | $ | (0.35) | | $ | (0.18) | | | | | | | | | | | | | | Shares excluded due to being anti-dilutive (1) | | | 14,737 | | | 1,724 | | | 14,737 | | | 1,724 |
(1) | Includes restricted stock units and cash return on capital employed performance stock units as their effect, if included, would have been anti-dilutive. The total shareholder return performance stock units are not included as they are not likely to attain their applicable performance metric. |
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