v3.26.1
NET LOSS PER SHARE
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

3. NET LOSS PER SHARE

 

Basic net loss per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted net loss per share is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities. As the effect of dilutive securities outstanding during the period is anti-dilutive, diluted net loss per share is equal to basic net loss per share.

 

 

The components of basic and diluted net loss per share are as follows (in thousands, except loss per share data):

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Numerator:                    
Net loss available for common shareholders - basic and diluted  $(36,943)  $(14,229)  $(62,237)  $(43,008)
                     
Denominator:                    
Weighted-average common shares outstanding - basic and diluted   22,296    16,977    21,441    16,356 
                     
Net loss per share - basic and diluted  $(1.66)  $(0.84)  $(2.90)  $(2.63)

 

For the three and six months ended June 30, 2026 and 2025, the following securities from net loss per share have been excluded as the effect of including them would have been anti-dilutive (in thousands):

 

   June 30, 
   2026   2025 
Outstanding options exercisable   37    45 
Nonvested restricted and performance stock units   264    1,415 
Shares of common stock that may be issued through conversion of the derivative liability   8,234    1,368 
Shares of common stock that may be issued through the exercise of warrants   384    384