Note 9 - Net Loss Per Share

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

9. Net Loss Per Share

The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except share and per share amounts):

		Three Months Ended								Six Months Ended
		*June 30,*								*June 30,*
		*2025*				*2024*				*2025*				*2024*
Numerator:
Net loss applicable to common stockholders		$	(16,040	)		$	(9,009	)		$	(32,030	)		$	(17,426	)
Denominator:
Weighted average shares used to compute net loss per common share, basic and diluted			25,895,996				23,355,588				25,882,540				12,862,328
Net loss per share:
Basic and diluted		$	(0.62	)		$	(0.39	)		$	(1.24	)		$	(1.35	)

For the three and six months ended June 30, 2025 and 2024, net loss is attributable equally to each share of Class A common stock and Class B common stock and is determined based on the weighted-average number of the respective class of common stock outstanding. Weighted-average common shares include shares of the Company's Class A common stock and Class B common stock. The basic and diluted net loss per share amounts are the same for Class A common stock and Class B common stock.

The Company’s potentially dilutive securities, which include common stock options and a common stock warrant have been excluded from the computation of diluted net loss per share for the three and six months ended June 30, 2025 and 2024, as the effect would reduce the net loss per share. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same.

The following potentially dilutive securities have been excluded from the diluted per share calculation for the periods presented as they would be anti-dilutive:

		*June 30,*				*June 30,*
		*2025*				*2024*
Common stock options			5,580,612				4,090,030
Common stock warrant			15,764				15,764
Total potentially dilutive securities			5,596,376				4,105,794