v3.26.1
Net Loss Per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share

12. Net Loss Per Share

The net loss and the weighted average number of shares of common stock and pre-funded warrants used in computing basic and diluted net loss per share for the three and six months ended June 30, 2026 and 2025, are as follows (in thousands, except share and per share data):

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(4,502

)

 

$

(1,891

)

 

$

(8,256

)

 

$

(3,600

)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock and pre-funded warrants used in computing net loss per share, basic and diluted

 

 

6,789,165

 

 

 

347,000

 

 

 

5,592,596

 

 

 

346,482

 

 

Net loss per share, basic and diluted

 

$

(0.66

)

 

$

(5.45

)

 

$

(1.48

)

 

$

(10.39

)

 

 

The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as their effect would be anti-dilutive:

 

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

Options to purchase common stock

 

 

1,048,407

 

 

 

27,038

 

Restricted stock units, unvested portion

 

 

2,067

 

 

 

7,020

 

Restricted stock awards, unvested portion

 

 

13,067

 

 

 

20,906

 

Common warrants

 

 

50,402

 

 

 

50,402

 

Total potential common stock equivalents

 

 

1,113,943

 

 

 

105,366

 

The outstanding pre-funded warrants are exercisable for only a de minimis cash consideration with no substantive exercise contingencies, accordingly, the Company included pre-funded warrants in the weighted average shares outstanding for both basic and diluted earnings per share calculations.