| Summary of Computation of Basic and Diluted Net Income (Loss) Per Share |
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
(in thousands, except share and per share amounts) |
|
2026 |
|
|
2025 |
|
Net income (loss) from continuing operations |
|
$ |
555 |
|
|
$ |
(8,932 |
) |
Net income from discontinued operations |
|
$ |
73 |
|
|
$ |
413 |
|
Net income (loss) |
|
$ |
628 |
|
|
$ |
(8,519 |
) |
Preferred stock dividends attributable to noncontrolling interests of subsidiary |
|
$ |
(691 |
) |
|
$ |
— |
|
Net loss attributable to controlling interest and common shareholders |
|
$ |
(63 |
) |
|
$ |
(8,519 |
) |
Net loss per share attributable to common stockholders, basic: |
|
|
|
|
|
|
Net loss per share attributable to common stockholders, continuing operations, basic and diluted |
|
|
(0.02 |
) |
|
|
(1.73 |
) |
Net income per share attributable to common stockholders, discontinued operations, basic and diluted |
|
|
0.01 |
|
|
|
0.08 |
|
Total net loss per share attributable to common stockholders, basic and diluted |
|
$ |
(0.01 |
) |
|
$ |
(1.65 |
) |
Weighted-average number of shares outstanding used to compute net loss per share attributable to common stockholders, basic and diluted: |
|
|
5,214,021 |
|
|
|
5,174,381 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
Predecessor |
|
|
|
Six months ended June 30, |
|
|
Period from January 15 through June 30, |
|
|
|
Period from January 1 through January 14, |
|
(in thousands, except share and per share amounts) |
|
2026 |
|
|
2025 |
|
|
|
2025 |
|
Net (loss) income from continuing operations |
|
$ |
(18,491 |
) |
|
$ |
(15,382 |
) |
|
|
$ |
45,090 |
|
Net income (loss) from discontinued operations |
|
$ |
61 |
|
|
$ |
512 |
|
|
|
$ |
(4 |
) |
Net (loss) income |
|
$ |
(18,430 |
) |
|
$ |
(14,870 |
) |
|
|
$ |
45,086 |
|
Preferred stock dividends attributable to noncontrolling interests of subsidiary |
|
$ |
(1,262 |
) |
|
$ |
— |
|
|
|
$ |
— |
|
Net (loss) income attributable to controlling interest and common shareholders |
|
$ |
(19,692 |
) |
|
$ |
(14,870 |
) |
|
|
$ |
45,086 |
|
Net (loss) income per share attributable to common stockholders, basic: |
|
|
|
|
|
|
|
|
|
|
Continuing operations |
|
|
(3.79 |
) |
|
|
(2.98 |
) |
|
|
|
24.74 |
|
Discontinued operations |
|
|
0.01 |
|
|
|
0.10 |
|
|
|
|
(0.00 |
) |
Basic |
|
$ |
(3.78 |
) |
|
$ |
(2.88 |
) |
|
|
$ |
24.74 |
|
Net (loss) income per share attributable to common stockholders, diluted: |
|
|
|
|
|
|
|
|
|
|
Continuing operations |
|
|
(3.79 |
) |
|
|
(2.98 |
) |
|
|
|
23.89 |
|
Discontinued operations |
|
|
0.01 |
|
|
|
0.10 |
|
|
|
|
(0.00 |
) |
Diluted |
|
$ |
(3.78 |
) |
|
$ |
(2.88 |
) |
|
|
$ |
23.89 |
|
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
5,207,963 |
|
|
|
5,169,251 |
|
|
|
|
1,822,541 |
|
Diluted |
|
|
5,207,963 |
|
|
|
5,169,251 |
|
|
|
|
1,887,370 |
|
|
| Summary of Calculation of Diluted Shares Outstanding |
The following potentially dilutive shares were not included in the calculation of diluted shares outstanding for the periods presented as the effect would have been anti-dilutive:
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|
|
|
|
|
|
|
|
|
|
|
|
|
Successor |
|
|
|
Predecessor |
|
|
|
As of June 30, |
|
|
|
As of January 14, |
|
|
|
2026 |
|
|
2025 |
|
|
|
2025 |
|
Convertible notes |
|
|
2,860,079 |
|
|
|
— |
|
|
|
|
— |
|
Stock options |
|
|
328,067 |
|
|
|
328,924 |
|
|
|
|
23,214 |
|
Restricted stock units |
|
|
907,907 |
|
|
|
692,963 |
|
|
|
|
131,422 |
|
Total |
|
|
4,096,053 |
|
|
|
1,021,887 |
|
|
|
|
154,636 |
|
|
| Summary of Reconciliation From Basic to Diluted Weighted-average Number of Shares Outstanding Used to Compute Net (Loss) Income Per Share |
The following table sets forth a reconciliation from basic to diluted weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders:
|
|
|
|
|
|
|
Predecessor |
|
|
|
Period from January 1 through January 14, |
|
|
|
2025 |
|
Weighted-average number of shares outstanding used to compute net (loss) income per share attributable to common stockholders: |
|
|
|
Basic |
|
|
1,822,541 |
|
Convertible 2026 Notes |
|
|
64,829 |
|
Diluted |
|
|
1,887,370 |
|
|