The following table reconciles the weighted-average common shares outstanding used in the calculation of basic earnings or loss per common share to the weighted-average common shares outstanding used in the calculation of diluted earnings or loss per common share:


	Three months
In thousands, except per share data	March 31, 2026		March 31, 2025

Numerator:
Net loss	$	(106,718)	$	(1,742)
Less: Preferred stock dividends accrued	-		-
Net income available to common stockholders	(106,718)		(1,742)
Numerator for basic and diluted EPS	$	(106,718)	$	(1,742)

Denominator:
Weighted-average common shares outstanding	53,954,052		32,593,867
Diluted weighted-average common shares outstanding	53,954,052		32,593,867

Weighted-average preferred shares outstanding	1,625		116

Earnings (loss) per share:
Basic	$	(1.98)	$	(0.05)
Diluted	$	(1.98)	$	(0.05)

Excluded Securities: Warrants and options to purchase 2,164,745 and 61,375 shares of common stock, 3,407,718 restricted share units and 1,135,920 restricted performance share units, and 3,269,988 shares of Series A Preferred Stock were outstanding in the three months ending March 31, 2026 but were not included in the computation of diluted EPS because they were anti-dilutive