| 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 contribution | 15,100 | | | | | | | Income (loss) from continuing operations attributable to common stockholders | 2,126 | | | 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, | | 2026 | | 2025 | | 2026 | | 2025 | | Common stock warrants | 2,930 | | | 3,018 | | | 2,813 | | | 3,018 | | | Stock options | 1,415 | | | 1,283 | | | 1,097 | | | 1,283 | | | Restricted stock units | 1,641 | | | 1,321 | | | 112 | | | 1,321 | | | Employee stock purchase plan | 28 | | | 35 | | | 28 | | | 35 | | | | | | | | | | | Total | 6,014 | | | 5,657 | | | 4,050 | | | 5,657 | |
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