v3.25.3
Loss Per Share
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Loss Per Share Loss Per Share
The table below summarizes the Company’s basic and diluted loss per share calculations (in thousands, except share and per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Net loss$(9,376)$(14,228)$(32,872)$(48,158)
Weighted average shares outstanding
Basic and diluted42,453,570 24,058,560 31,726,271 22,619,146 
Net loss per common share, basic and diluted$(0.22)$(0.59)$(1.04)$(2.13)
Basic and diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of shares of common stock outstanding during the period.
Due to the Company’s net loss for the three and nine months ended September 30, 2025 and 2024, there was no dilutive effect of common stock equivalents because the effects of such would have been anti-dilutive. The following table summarizes the shares excluded from the weighted average number of shares of common stock outstanding, as the impact would be anti-dilutive (in thousands):
September 30,
20252024
Shares upon exercise of warrants19,303 9,069 
Restricted stock units835 681 
Total20,138 9,750