The Company calculates basic net loss per share by dividing net loss for each respective period by the weighted-average number of common shares outstanding for each respective period. The Company computes diluted net loss per share after giving consideration to the dilutive effect of unvested RSUs, stock options, unsettled ESPP contributions, and warrants that are outstanding during the period, except where such securities would be anti-dilutive.


	Three months ended March 31,
	2026		2025
Net loss (in thousands)	$	(18,441)	$	(20,565)

Basic weighted-average common shares	24,634,443		9,292,066
Dilutive impact of share-based awards	—		—
Diluted weighted-average common shares (1)	24,634,443		9,292,066

Basic net loss per share:
Basic net loss per share	(0.75)		(2.21)

Diluted net loss per share:
Diluted net loss per share	(0.75)		(2.21)

(1)For the three months ended March 31, 2026 and the three months ended March 31, 2025 all outstanding total common stock equivalents were excluded from the diluted calculation as their inclusion would have been anti-dilutive. For the three months ended March 31, 2026, the Company excluded the following potential common shares, based on amounts outstanding at period end, from the computation of diluted net loss per share because including them would have had an anti-dilutive effect under the treasury stock method; 429 unvested RSUs, 1,261 unsettled ESPP contributions, and 525,000 pre-funded warrants.