v3.25.2
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

15. Net Income (Loss) Per Share

Net Income (Loss) Per Share

Basic net income (loss) per share attributable to common stockholders was computed by dividing net income (loss) by the weighted-average common shares outstanding for the period (in thousands, except share and per share data). Diluted net income (loss) per share attributable to common stockholders was computed by dividing net income (loss) by the weighted-average common shares outstanding and potentially dilutive shares for the period (in thousands, except share and per share data):

 

 

 

THREE MONTHS ENDED
JUNE 30,

 

 

SIX MONTHS ENDED
JUNE 30,

 

Numerator:

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net income (loss)

 

$

(4,796

)

 

$

(22,237

)

 

$

2,583

 

 

$

(30,458

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares of common stock
   outstanding, basic

 

 

51,489,929

 

 

 

29,878,210

 

 

 

50,988,887

 

 

 

29,537,874

 

Net income (loss) per share, basic

 

$

(0.09

)

 

$

(0.74

)

 

$

0.05

 

 

$

(1.03

)

Add potentially dilutive shares:

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of outstanding stock options (as converted to common stock)

 

 

 

 

 

 

 

 

2,253,771

 

 

 

 

Dilutive effect of outstanding warrants for common stock

 

 

 

 

 

 

 

 

126,924

 

 

 

 

Weighted-average shares of common stock
   outstanding, diluted

 

 

51,489,929

 

 

 

29,878,210

 

 

 

53,369,582

 

 

 

29,537,874

 

Net income (loss) per share, diluted

 

$

(0.09

)

 

$

(0.74

)

 

$

0.05

 

 

$

(1.03

)

The Company’s potentially dilutive securities have been excluded from the computation of dilutive net loss per share for the three months ended June 30, 2025 and the three and six months ended June 30, 2024, as the effect would be to 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 is the same.

The Company excluded the following potential shares of common stock from the computation of diluted net income (loss) per share because including them would have had an anti-dilutive effect.

 

 

 

AS OF JUNE 30,

 

 

 

2025

 

 

2024

 

Outstanding warrants for common stock

 

 

7,507,708

 

 

 

7,507,708

 

Outstanding stock options (as converted to common stock)

 

 

6,135,068

 

 

 

4,676,338

 

Unvested restricted stock

 

 

 

 

 

1,603,462

 

 

 

13,642,776

 

 

 

13,787,508