Basic earnings (loss) per share (“EPS”) excludes dilution and is computed by dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock

using the treasury stock method. Potentially dilutive securities (consisting primarily of the 2025 Convertible Notes calculated using the if-converted method and warrants, stock options and RSUs calculated using the treasury stock method) are excluded from the diluted EPS computation in loss periods and when their effect would be anti-dilutive.


	Income/(Loss) (Numerator)		Shares (Denominator)	Per-Share Amount*




















































For the three months ended March 31, 2026
Basic EPS
Net income (loss)	$	(4,536)

Add: preferred stock exchange deemed contribution	15,100


Income (loss) attributable to common stockholders	$	10,564	16,093	$	0.66

Diluted EPS
Income (loss) attributable to common stockholders	$	10,564	16,093
Effect of dilutive stock options and unvested restricted stock			263


Diluted EPS	$	10,564	16,356	$	0.65













For the three months ended March 31, 2025
Basic and Diluted EPS
Income (Loss) from continuing operations	$	(1,170)
Less: preferred stock dividends	(864)

Income (loss) from continuing operations attributable to common stockholders	(2,034)		15,002	$	(0.14)
Income from discontinued operations, net of tax	(400)		15,002	$	(0.03)
Income (loss) attributable to common stockholders	$	(2,434)	15,002	$	(0.16)

The following is a summary of outstanding anti-dilutive potential shares of common stock that have been excluded from diluted net loss per share attributable to common stockholders because their inclusion would have been anti-dilutive as of March 31, 2026 and 2025 (in thousands):


	As of March 31,
	2026	2025
Common stock warrants	2,930	3,018
Stock options	1,280	1,121
Restricted stock units	103	1,318
Employee stock purchase plan	28	29
2025 Convertible Notes	—	119
Total	4,341	5,605