Loss Per Share

9 Months Ended

Sep. 30, 2024

6. Loss Per Share

Basic loss per share is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted loss per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential shares of common stock outstanding during the period (“common stock equivalents”). Common stock equivalents consist of incremental shares issuable upon the assumed exercise of stock options and vesting of restricted stock units utilizing the treasury stock method.

The weighted-average diluted shares outstanding computation is:


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in thousands, except per share data)	2024		2023		2024		2023
	(unaudited)				(unaudited)
Weighted-average common stock outstanding		23,404		21,154		23,312		20,951
Weighted-average number of shares		23,404		21,154		23,312		20,951

We excluded the effect of the below elements from our calculation of diluted loss per share, as their inclusion would have been anti-dilutive, as there were no earnings attributable to common shareholders:


	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
(in thousands)	2024			2023		2024		2023
	(unaudited)					(unaudited)
Common stock equivalents excluded due to net loss		—			67		—		57
Employee stock options and RSUs		(8	)		598		1,540		497
		(8	)		665		1,540		554