| Reconciliation of Net Loss and Number of Common Shares Used in Computations of Basic Earnings Per Share |
The table below provides a reconciliation of net loss and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands except per share amounts) |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Numerator - Basic and Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(6,128 |
) |
|
$ |
(28,506 |
) |
|
$ |
(36,446 |
) |
|
$ |
(50,708 |
) |
Preferred dividends |
|
|
(1,225 |
) |
|
|
(1,225 |
) |
|
|
(2,450 |
) |
|
|
(2,450 |
) |
Net loss attributable to common shareholders - Basic and
Diluted |
|
$ |
(7,353 |
) |
|
$ |
(29,731 |
) |
|
$ |
(38,896 |
) |
|
$ |
(53,158 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator - Basic and Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average Class A common shares outstanding |
|
|
56,324 |
|
|
|
56,324 |
|
|
|
56,324 |
|
|
|
56,304 |
|
Weighted-average Class A common shares
outstanding - Basic |
|
|
56,324 |
|
|
|
56,324 |
|
|
|
56,324 |
|
|
|
56,304 |
|
Weighted-average Class A common shares
outstanding - Diluted |
|
|
56,324 |
|
|
|
56,324 |
|
|
|
56,324 |
|
|
|
56,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss per share attributable to Class A
common shareholders - Basic |
|
$ |
(0.13 |
) |
|
$ |
(0.53 |
) |
|
$ |
(0.69 |
) |
|
$ |
(0.94 |
) |
Loss per share attributable to Class A
common shareholders - Diluted |
|
$ |
(0.13 |
) |
|
$ |
(0.53 |
) |
|
$ |
(0.69 |
) |
|
$ |
(0.94 |
) |
|