Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Computation of Loss Per Share

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025

Numerator:
Net Loss	$	(35,318)	$	(13,029)	$	(36,548)	$	(38,877)

Preferred stock dividends and accretion	(1,521)		(1,454)		(3,024)		(2,892)
Net loss attributable to common stockholders	$	(36,839)	$	(14,483)	$	(39,572)	$	(41,769)
Denominator:
Weighted–average common shares outstanding, basic and diluted	2,939,547		2,851,884		2,927,789		2,837,071
Net loss per common share, basic and diluted	$	(12.53)	$	(5.08)	$	(13.52)	$	(14.72)

Schedule of Anti–dilutive Common Share Equivalents

Potential shares of common stock not included in the computation of earnings per share because their effect would have been antidilutive or because the performance criterion was not met were as follows:


	June 30,
	2026	2025

Stock options	7,158	8,756

Restricted stock units	238,610	233,806
Performance restricted stock units	13,333	35,000
Series A Preferred Stock on an if-converted basis(1)	780,901	746,727
Total anti–dilutive common share equivalents	1,040,002	1,024,289

(1) As of June 30, 2026, the Series A Preferred Stock plus accumulated dividends totaled $136.7 million. The Series A Preferred Stock has a conversion price of $175.00 per share, as detailed in “Note 9. Mezzanine Equity”.