v3.25.2
Loss per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Loss per Share

6. Loss per share

Loss per share, or EPS, is computed in accordance with ASC 260—Earnings per Share and is calculated using the weighted-average number of shares of common stock outstanding during each period. Diluted EPS assumes the conversion, exercise or issuance of all potential common stock equivalents (which can include dilution of outstanding stock options and restricted stock units) unless the effect is to reduce a loss or increase the income per share. For purposes of this calculation, common stock subject to repurchase by the Company, options, and other dilutive awards are considered to be common stock equivalents and are only included in the calculation of diluted loss per share when their effect is dilutive.

Basic loss per share is calculated using the Company's weighted-average outstanding shares of common stock. Diluted loss per share is calculated using the Company's weighted-average outstanding shares of common stock including the dilutive effect of stock awards as determined under the treasury stock method.

The computation of EPS is as follows:

 

 

Three months ended
June 30,

 

 

Six months ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator—basic and diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(4,152

)

 

$

(5,590

)

 

$

(10,326

)

 

$

(20,168

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock - basic common stock (1)

 

 

26,962,465

 

 

 

23,614,970

 

 

 

26,068,421

 

 

 

23,508,284

 

Weighted average shares of common stock - diluted common stock

 

 

26,962,465

 

 

 

23,614,970

 

 

 

26,068,421

 

 

 

23,508,284

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic common stock

 

$

(0.15

)

 

$

(0.24

)

 

$

(0.40

)

 

$

(0.86

)

Net loss per share - diluted common stock (2)

 

$

(0.15

)

 

$

(0.24

)

 

$

(0.40

)

 

$

(0.86

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator calculation from basic to diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock - basic common stock (1)

 

 

26,962,465

 

 

 

23,614,970

 

 

 

26,068,421

 

 

 

23,508,284

 

Stock options and other dilutive awards

 

 

335,216

 

 

 

499,441

 

 

 

541,262

 

 

 

412,687

 

Weighted average shares of common stock - diluted common stock

 

 

27,297,681

 

 

 

24,114,411

 

 

 

26,609,683

 

 

 

23,920,971

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares excluded from diluted weighted average shares:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

1,257,265

 

 

 

522,167

 

 

 

500,695

 

 

 

539,894

 

 

(1) Unvested restricted stock units are not included as shares outstanding in the calculation of basic earnings per share. Vested restricted stock units are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based restricted stock units are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive.

(2) Due to net losses for the three and six months ended June 30, 2025 and June 30, 2024, diluted loss per share is the same as basic loss per share.