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

Note 16 — Net Loss per Share

Basic and diluted net loss per share during the three and six months ended June 30, 2026 and 2025 consisted of the following (in thousands, except per share amounts):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,893

)

 

$

(7,487

)

 

$

(11,809

)

 

$

(17,648

)

Net loss attributable to common stockholders, basic

 

 

(6,893

)

 

 

(7,487

)

 

 

(11,809

)

 

 

(17,648

)

Net loss attributable to common stockholders, diluted(1)

 

 

(6,893

)

 

 

(7,487

)

 

 

(11,809

)

 

 

(17,648

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

 

12,591

 

 

 

8,287

 

 

 

12,084

 

 

 

8,182

 

Basic net loss per share

 

$

(0.55

)

 

$

(0.90

)

 

$

(0.98

)

 

$

(2.16

)

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, diluted(1)

 

 

12,591

 

 

 

8,287

 

 

 

12,084

 

 

 

8,182

 

Diluted net loss per share

 

$

(0.55

)

 

$

(0.90

)

 

$

(0.98

)

 

$

(2.16

)

 

(1)
Net loss attributable to common stockholders, diluted during both the three and six months ended June 30, 2026 and 2025, excludes adjustments related to the change in fair value of derivative liabilities, interest expense and amortization of discounts and issuance costs related to Convertible Note. These adjustments were excluded from the calculation of diluted net loss per share as they would have an antidilutive effect (see Note 8 — Convertible Notes).

Potential ending shares outstanding that were excluded from the computation of diluted net income (loss) per share because their effect was anti-dilutive as of June 30, 2026 and 2025 consisted of the following (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Contingent earn-out shares

 

 

547

 

 

 

547

 

 

 

547

 

 

 

547

 

Common stock underlying public and private warrants

 

 

628

 

 

 

628

 

 

 

628

 

 

 

628

 

Restricted stock units

 

 

1,886

 

 

 

1,049

 

 

 

1,886

 

 

 

1,049

 

Stock options

 

 

1

 

 

 

1

 

 

 

1

 

 

 

1

 

If-converted common stock from convertible debt

 

 

1,542

 

 

 

280

 

 

 

1,542

 

 

 

280