The following table sets forth the computation of basic and diluted net (loss) income per common share for the periods indicated (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | | Numerator: | | | | | | | | Net (loss) income | $ | (26,539) | | | $ | 19,208 | | | $ | (41,357) | | | $ | 1,877 | | | Effect of Series A Preferred Stock dividends | (2,644) | | | (2,644) | | | (5,259) | | | (5,259) | | | Net (loss) income attributable to common shareholders | $ | (29,183) | | | $ | 16,564 | | | $ | (46,616) | | | $ | (3,382) | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average shares outstanding - basic | 129,122 | | | 126,614 | | | 128,771 | | | 126,545 | | | Dilutive effect of stock-based compensation plans | — | | | 127 | | | — | | | — | | | Dilutive effect of warrants issued under the Service Agreements | — | | | 1,113 | | | — | | | — | | Weighted average common shares outstanding - dilutive | 129,122 | | | 127,854 | | | 128,771 | | | 126,545 | | | | | | | | | | Net (loss) income per common share: | | | | | | | | Basic | $ | (0.23) | | | $ | 0.13 | | | $ | (0.36) | | | $ | (0.03) | | Diluted | $ | (0.23) | | | $ | 0.13 | | | $ | (0.36) | | | $ | (0.03) | |
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