v3.26.1
Earnings (Loss) per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings (Loss) per Share Earnings (Loss) per Share
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 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.
The calculation of basic and diluted EPS was as follows (in thousands, except per share data):
Income/(Loss)
(Numerator)
Shares
(Denominator)
Per-Share Amount*
For the three months ended June 30, 2026
Basic and Diluted EPS
Net income (loss)$(8,438)
Less: preferred stock dividends— 
Income (loss) from continuing operations attributable to common stockholders(8,438)16,318 $(0.52)
Income from discontinued operations, net of tax— 16,318 $— 
Income (loss) attributable to common stockholders$(8,438)16,318 $(0.52)
For the three months ended June 30, 2025
Basic and Diluted EPS
Income (loss) from continuing operations$507 
Less: preferred stock dividends(883)
Income (loss) from continuing operations attributable to common stockholders(376)15,024 $(0.03)
Income from discontinued operations, net of tax— 15,024 $— 
Income (loss) attributable to common stockholders$(376)15,024 $(0.03)
For the six months ended June 30, 2026
Basic EPS
Net income (loss)$(12,974)
Less: preferred stock dividends— 
Add: preferred stock exchange deemed contribution15,100 
Income (loss) from continuing operations attributable to common stockholders2,126 16,206 $0.13 
Income from discontinued operations, net of tax— 16,206 $— 
Income (loss) attributable to common stockholders$2,126 16,206 $0.13 
 Diluted EPS
Income (loss) attributable to common stockholders $2,126 16,206 
Effect of dilutive stock options and unvested restricted stock 350 
Effect of common stock warrants 116 
 Diluted EPS$2,126 16,672 $0.13 
For the six months ended June 30, 2025
Basic and Diluted EPS
Income (Loss) from continuing operations$(663)
Less: preferred stock dividends(1,747)
Income (loss) from continuing operations attributable to common stockholders(2,410)15,013 $(0.16)
Income from discontinued operations, net of tax(400)15,013 $(0.03)
Income (loss) attributable to common stockholders$(2,810)15,013 $(0.19)
(*) Rounding may affect summation.
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 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Common stock warrants2,930 3,018 2,813 3,018 
Stock options1,415 1,283 1,097 1,283 
Restricted stock units1,641 1,321 112 1,321 
Employee stock purchase plan28 35 28 35 
     Total6,014 5,657 4,050 5,657