Loss Per Share

6 Months Ended

Jun. 30, 2025

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 June 30,				For the Six Months Ended June 30,
(in thousands, except per share data)	2025		2024		2025		2024
	(unaudited)				(unaudited)
Weighted-average common stock outstanding		25,022		23,372		24,686		23,267
Weighted-average number of shares		25,022		23,372		24,686		23,267

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 June 30,					For the Six Months Ended June 30,
(in thousands)	2025		2024			2025		2024
	(unaudited)					(unaudited)
Employee stock options and RSUs		2,247		(25	)		2,247		1,548
		2,247		(25	)		2,247		1,548