v3.26.3
Net Loss Per Share
9 Months Ended
Sep. 30, 2026
Net Loss Per Share  
Net Loss Per Share

Note 10. Net Loss Per Share

 

Basic net loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the period, without consideration of potential dilutive securities. Diluted net loss per share is computed by dividing the net loss by the sum of the weighted average number of shares of common stock outstanding during the period plus the dilutive effects of potentially dilutive securities outstanding during the period. Potentially dilutive securities include common stock options, RSUs and warrants issued and outstanding.

 

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

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

2026

 

2025

 

2026

 

2025

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

(7,250)

 

$

(6,530)

 

$

(20,400)

 

$

(19,976)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic and diluted

 

90,119

 

 

59,711

 

 

86,192

 

 

59,399

Net loss per common share, basic and diluted

$

(0.08)

 

$

(0.11)

 

$

(0.24)

 

$

(0.34)

 

Because the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share for all periods presented, as the inclusion of all potential common stock equivalents outstanding would have been antidilutive.

 

During the periods ended September 30, 2026 and 2025, the following common stock equivalents were excluded from the computation of diluted net loss per share because including them would have been antidilutive (in thousands).

 

 

September 30,

 

2026

 

2025

Stock options issued and outstanding

 

9,121

 

 

8,406

Unvested restricted stock units issued and outstanding

 

1,093

 

 

800

Warrants to purchase common stock

 

5,322

 

 

7,979

Total

 

15,536

 

 

17,185