| Schedule of Calculation of Basic and Diluted Earnings per Share for Common Stock and Preferred Stock |
The calculation of basic and diluted earnings per share for our common stock and Preferred Stock were as follows:
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For the Three Months
Ended June 30, |
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For the Six Months
Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(In thousands, except share and per share data) |
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Weighted-average common shares outstanding, basic and diluted |
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113,631,565 |
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77,156,068 |
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113,031,223 |
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77,141,196 |
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Weighted-average shares outstanding of Series X and Series X1 non-voting convertible preferred stock, basic and diluted |
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93,876 |
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114,508 |
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104,135 |
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114,508 |
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Net loss used in the calculation of basic and diluted loss per share |
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$ |
(31,630 |
) |
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$ |
(11,216 |
) |
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$ |
(70,655 |
) |
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$ |
(17,711 |
) |
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Net loss available to common stock |
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$ |
(30,242 |
) |
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$ |
(10,362 |
) |
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$ |
(67,215 |
) |
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$ |
(16,362 |
) |
Net loss per share, common stock, basic and diluted |
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$ |
(0.27 |
) |
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$ |
(0.13 |
) |
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$ |
(0.59 |
) |
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$ |
(0.21 |
) |
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Net loss available to Series X and Series X1 non-voting convertible preferred stock |
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$ |
(1,388 |
) |
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$ |
(854 |
) |
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$ |
(3,440 |
) |
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$ |
(1,349 |
) |
Basic and diluted earnings per share of Series X and Series X1 non-voting convertible preferred stock |
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$ |
(14.79 |
) |
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$ |
(7.46 |
) |
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$ |
(33.04 |
) |
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$ |
(11.78 |
) |
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| Summary of Potentially Dilutive Securities Outstanding Based on Market Price of Common Stock that were Excluded from the Computation of Diluted Net Loss Per Share |
The following table presents potentially dilutive securities outstanding based on the market price of the Company’s common stock as of June 30, 2026 and 2025 that were excluded from the computation of diluted net loss per share because their inclusion would have been anti-dilutive. These securities consist of incentive stock options, RSUs and common warrants (other than pre-funded warrants) outstanding during the respective periods.
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As of June 30, |
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2026 |
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2025 |
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Stock options outstanding and other equity awards |
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12,442,838 |
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7,382,039 |
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Common warrants outstanding |
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15,151,518 |
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3,117,540 |
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Total |
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27,594,356 |
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10,499,579 |
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