v3.26.1
Net Loss Per Share
3 Months Ended
Mar. 31, 2026
Net Loss Per Share  
Net Loss Per Share

Note 10. Net Loss Per Share

 

Basic net loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the period, without consideration of potential dilutive securities. Diluted net loss per share is computed by dividing the net loss by the sum of the weighted average number of shares of common stock outstanding during the period plus the dilutive effects of potentially dilutive securities outstanding during the period. Potentially dilutive securities include common stock options, RSUs and warrants issued and outstanding.

 

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

 

 

Three Months Ended March 31,

 

2026

 

2025

Numerator:

 

 

 

 

 

Net loss

$

(6,780)

 

$

(6,302)

Denominator:

 

 

 

 

 

Weighted average common shares outstanding - basic and diluted

 

81,269

 

 

59,236

Net loss per common share, basic and diluted

$

(0.08)

 

$

(0.11)

 

Because the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods presented, as the inclusion of all potential common stock equivalents outstanding would have been antidilutive.

 

During the three months ended March 31, 2026 and 2025, the following common stock equivalents were excluded from the computation of diluted net loss per share because including them would have been antidilutive (in thousands).

 

 

 March 31,

 

2026

 

2025

Stock options issued and outstanding

 

8,554

 

 

7,051

Unvested restricted stock units issued and outstanding

 

800

 

 

695

Warrants to purchase common stock

 

6,972

 

 

8,569

Total

 

16,326

 

 

16,315