Three months ended
September 30,

Nine months ended
September 30,

(In thousands, except share and per share data)

2026

2025

2026

2025

Numerator:

Net (loss) income from continuing operations

$

(533

)

$

(10,633

)

$

20,573

$

(21,112

)

Net (loss) income from discontinued operations

—

(32

)

—

1,461

Minus: net income (loss) allocated to participating warrants

—

(14,264

)

—

Numerator for basic EPS - Net (loss) income available for common shareholders

$

(533

)

$

(10,665

)

$

6,309

$

(19,651

)

Effect of dilutive securities

Interest expense on Convertible Notes - from continuing operations

$

—

$

—

$

4,440

$

—

Change in fair value of liability-classified warrants

—

(12

)

—

Reallocation of net income to participating warrants

—

152

—

Numerator for diluted EPS - Net (loss) income available for common shareholders

$

(533

)

$

(10,665

)

$

10,889

$

(19,651

)

Denominator:

Denominator for basic EPS - Weighted-average common shares outstanding

7,722,524

2,002,568

4,029,540

1,973,553

Effect of dilutive securities

Unvested restricted stock units

—

Liability-classified warrants

—

32,106

—

Conversion of Convertible Notes

—

2,947,143

—

Denominator for diluted EPS - adjusted weighted-average common stock outstanding

7,722,524

2,002,568

7,008,789

1,973,553

Basic net (loss) income per share attributable to common shareholders

$

(0.07

)

$

(5.33

)

$

1.57

$

(9.96

)

Diluted net (loss) income per share attributable to common shareholders

$

(0.07

)

$

(5.33

)

$

1.55

$

(9.96

)