v3.25.3
Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Reconciliation of the Numerator and Denominator Used to Calculate Diluted Net Loss per Common Share

The following is a reconciliation of the numerator and denominator used to calculate basic and diluted net loss per common share for the nine months ended September 30, 2024 (in thousands except per share amounts):

 

 

 

For the Nine Months Ended September 30, 2024

 

Net loss

 

$

(45,642

)

Add back interest expense on the 2025 Notes

 

 

2,518

 

Add back gain on extinguishment of debt

 

 

(44,702

)

Numerator for diluted net loss per common share (A)

 

$

(87,826

)

Weighted-average number of common shares outstanding

 

 

8,036

 

Dilutive effect of 2025 Notes calculated using the if-converted method

 

 

406

 

Denominator for diluted net loss per common share (B)

 

 

8,442

 

Diluted net loss per common share (= A / B)

 

$

(10.40

)

In addition to the financial instruments discussed above, t
Schedule of Potentially Dilutive Securities were Excluded from the Calculation of Diluted Net Loss Per Share Due to Their Anti-Dilutive Effect Under the Treasury Method he following other potentially dilutive securities were excluded from the calculation of diluted net loss per common share due to their anti-dilutive effect under the treasury method (in thousands):

 

 

 

As of September 30,

 

 

 

2025

 

 

2024

 

Outstanding stock options

 

 

492

 

 

 

423

 

Unvested restricted stock units

 

 

688

 

 

 

861