Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Computation of Loss Per Share

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


	Three Months Ended March 31,
	2026		2025

Numerator:
Net Loss	$	(1,230)	$	(25,848)

Preferred stock dividends and accretion	(1,503)		(1,438)
Net loss attributable to common stockholders	$	(2,733)	$	(27,286)
Denominator:
Weighted–average common shares outstanding, basic and diluted	29,159,015		28,220,936
Net loss per common share, basic and diluted	$	(0.09)	$	(0.97)

Schedule of Anti–dilutive Common Share Equivalents

Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows:


	March 31,
	2026	2025

Stock options	71,632	103,561

Restricted stock units	2,081,670	2,679,178
Performance restricted stock units	250,000	350,000
Series A Preferred Stock on an if-converted basis(1)	7,722,133	7,384,195
Total anti–dilutive common share equivalents	10,125,435	10,516,934

(1) As of March 31, 2026, the Series A Preferred Stock plus accumulated dividends totaled $135.1 million. The Series A Preferred Stock has a conversion price of $17.50 per share, as detailed in “Note 9. Mezzanine Equity”.