v3.26.1
Net Loss Per Share
6 Months Ended
Jun. 30, 2026
Net Loss Per Share  
Net Loss Per Share

Note 10. Net Loss Per Share

 

Basic net loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the period, without consideration of potential dilutive securities. Diluted net loss per share is computed by dividing the net loss by the sum of the weighted average number of shares of common stock outstanding during the period plus the dilutive effects of potentially dilutive securities outstanding during the period. Potentially dilutive securities include common stock options, RSUs and warrants issued and outstanding.

 

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except per share amounts):

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2026

 

2025

 

2026

 

2025

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

(6,370)

 

$

(7,144)

 

$

(13,150)

 

$

(13,446)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic and diluted

 

87,090

 

 

59,244

 

 

84,196

 

 

59,240

Net loss per common share, basic and diluted

$

(0.07)

 

$

(0.12)

 

$

(0.16)

 

$

(0.23)

 

Because the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods presented, as the inclusion of all potential common stock equivalents outstanding would have been antidilutive.

 

During the periods ended June 30, 2026 and 2025, the following common stock equivalents were excluded from the computation of diluted net loss per share because including them would have been antidilutive (in thousands).

 

 

June 30,

 

2026

 

2025

Stock options issued and outstanding

 

8,665

 

 

8,407

Unvested restricted stock units issued and outstanding

 

800

 

 

988

Warrants to purchase common stock

 

6,312

 

 

8,248

Total

 

15,777

 

 

17,643