| Schedule of Earnings Per Share, Basic and Diluted |
Basic and diluted net earnings (loss) per share are as follows (in thousands except share and per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Net income (loss) |
|
$ |
3,063 |
|
|
$ |
(27,081 |
) |
|
$ |
(84,837 |
) |
|
$ |
7,509 |
|
Basic weighted average shares outstanding |
|
|
101,793,104 |
|
|
|
82,397,753 |
|
|
|
101,058,958 |
|
|
|
82,245,324 |
|
Effect of potentially dilutive securities: |
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|
|
|
|
|
|
|
|
|
|
|
Stock options to purchase common stock |
|
|
6,301,855 |
|
|
|
— |
|
|
|
— |
|
|
|
649,847 |
|
Restricted stock units |
|
|
520,755 |
|
|
|
— |
|
|
|
— |
|
|
|
47,552 |
|
Diluted weighted average shares outstanding |
|
|
108,615,714 |
|
|
|
82,397,753 |
|
|
|
101,058,958 |
|
|
|
82,942,723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net earnings (loss) per share |
|
$ |
0.03 |
|
|
$ |
(0.33 |
) |
|
$ |
(0.84 |
) |
|
$ |
0.09 |
|
Diluted net earnings (loss) per share |
|
$ |
0.03 |
|
|
$ |
(0.33 |
) |
|
$ |
(0.84 |
) |
|
$ |
0.09 |
|
|
| Schedule of Antidilutive Securities Excluded from Earnings Per Share Calculation |
The following outstanding potentially dilutive securities have been excluded from the calculation of diluted net earnings (loss) per common share, as their effect is anti-dilutive:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Stock options to purchase common stock |
|
|
9,565,892 |
|
|
|
14,943,250 |
|
|
|
15,867,747 |
|
|
|
14,293,403 |
|
Restricted stock units |
|
|
650,661 |
|
|
|
774,675 |
|
|
|
1,171,416 |
|
|
|
727,123 |
|
|