EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Basic and Diluted Net Loss Per Share

Basic and diluted net loss per share is calculated as follows:


(Dollars and shares in thousands, except per share amounts)	Three months ended March 31,
	2026		2025
Numerator:
Net loss attributable to common shares	$	(35,264)	$	(9,146)
Denominator:
Weighted-average common shares	9,467		8,961
Net loss per share – basic and diluted	$	(3.72)	$	(1.02)

Schedule of Potentially Dilutive Instruments

The following potentially dilutive instruments, based on amounts outstanding and restated to reflect the Reverse Stock Split, that could result in dilution, were excluded from the diluted earnings per share computation because including them would have had an anti-dilutive effect:


(Shares in thousands)	Three months ended March 31,
	2026	2025
Preferred shares	201,429	160,756
Option-based awards	32,384	12,395
Warrants	2,554	—
Total	236,367	173,151