v3.26.1
Net Loss Per Share of Common Stock
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock
10.
Net Loss Per Share of Common Stock

Basic net loss per share is calculated by dividing net loss by the weighted average number of shares outstanding for the period. Diluted net loss per share is calculated by dividing net loss by the weighted average number of shares of common stock and dilutive potential common stock outstanding during the period if the effect is dilutive. The Company's potential common stock includes outstanding stock options and restricted stock units.

In all periods presented, the Company’s outstanding stock options and restricted stock units were excluded from the calculation of diluted net loss per share because their effect would be antidilutive. The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(20,186

)

 

$

(12,879

)

 

$

(36,819

)

 

$

(20,328

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted-average common shares

 

 

17,106

 

 

 

17,106

 

 

 

17,106

 

 

 

17,106

 

Basic and diluted net loss per share

 

$

(1.18

)

 

$

(0.75

)

 

$

(2.15

)

 

$

(1.19

)

The following table presents the potential shares of common stock outstanding that were excluded from the calculation of diluted net loss per share for the periods presented because including them would have been anti-dilutive:

 

 

 

 

Three Months Ended June 30, 2026

 

 

Six Months Ended June 30, 2026

 

Options

 

 

 

 

962

 

 

 

962

 

Restricted stock units

 

 

 

 

431

 

 

 

431

 

Total

 

 

 

 

1,393

 

 

 

1,393

 

The Company had no potential common stock outstanding during the three and six months ended June 30, 2025.