v3.26.1
Note 12 - Net Loss Per Share
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

 

12.

Net Loss Per Share

 

We compute net loss per share using the two-class method required for participating securities and multiple classes of common stock. The two-class method requires net income or loss be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income or loss for the period had been distributed. The rights, including the liquidation and dividend rights and sharing of losses of the Class A common stock and Class B common stock are identical, other than voting, transfer, and conversion rights. As the liquidation and dividend rights and sharing of losses are identical, the undistributed earnings are allocated on a proportionate basis and the resulting net loss per share attributed to common stockholders will, therefore, be the same for both Class A and Class B common stock on an individual or combined basis.

 

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders for the three and six months ended June 30, 2026 and 2025:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands, except share and per share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Net loss attributable to common stockholders, continuing operations

 

$

(12,778

)

 

$

(5,141

)

 

$

(18,869

)

 

$

(12,605

)

Net loss attributable to common stockholders, discontinued operations

 

 

(3,591

)

 

 

(10,360

)

 

 

(18,224

)

 

 

(24,771

)

Net Loss

 

$

(16,369

)

 

$

(15,501

)

 

$

(37,093

)

 

$

(37,376

)

Denominator:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted

 

 

9,164,890

 

 

 

8,090,259

 

 

 

8,950,876

 

 

 

8,055,136

 

 

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Net loss per share attributable to common stockholders, basic and diluted, continuing operations

 

$

(1.39

)

 

$

(0.64

)

 

$

(2.11

)

 

$

(1.56

)

Net loss per share attributable to common stockholders, basic and diluted, discontinued operations

 

 

(0.39

)

 

 

(1.28

)

 

 

(2.04

)

 

 

(3.08

)

Net loss per share attributable to common stockholders, basic and diluted

 

$

(1.79

)

 

$

(1.92

)

 

$

(4.14

)

 

$

(4.64

)

 

The following shares of preferred stock and common stock were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented, because including them would have been anti-dilutive:

 

​

​

June 30,

​

​

June 30,

​

​

​

2026

​

​

2025

​

Note conversion feature

​

​

2,828,083

​

​

​

—

​

Outstanding stock options

​

​

426,409

​

​

​

510,753

​

2021 ESPP

​

​

4,829

​

​

​

484

​

RSUs

​

​

2,316,365

​

​

​

662,896

​

PSUs

​

​

15,000

​

​

​

93,780

​

Total anti-dilutive securities

​

​

5,590,686

​

​

​

1,267,913

​