Net Loss Per Share of Common Stock (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Computation Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted net loss per share for the three months ended March 31, 2025 and 2024 (in thousands, except share and per share amounts): For purposes of earnings per share, the Series B Convertible Preferred Stock have the same characteristics as common stock and have no liquidation or other material preferential rights over common stock and accordingly, have been considered as a second class of common stock in the computation of net loss per

share regardless of their legal form. Losses are allocated between the common stock and the Series B Convertible Preferred Stock on a pro rata basis as they share equally in losses and residual net assets on an as-converted basis.

	Three months ended March 31,
	2025		2024
Net loss	$	(15,350)	$	(11,924)
Net loss attributable to common shareholders — basic and diluted	$	(15,350)	$	(11,899)
Weighted shares used in calculating net loss per common share — basic and diluted	291,996,562		257,232,636
Net loss per share attributable to common shareholders — basic and diluted	$	(0.05)	$	(0.05)
Net loss attributable to Series B Convertible Preferred shareholders — basic and diluted	—		(25)
Weighted shares used in calculating net loss per Series B Convertible Preferred Stock — basic and diluted	—		54,745
Net loss per share attributable to Series B Convertible Preferred shareholders — basic and diluted	$	—	$	(0.46)

Schedule of Potentially Dilutive Securities Excluded from Computation of Earnings Per Share

The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding, as their inclusion would have been antidilutive:

	Three months ended March 31,
	2025	2024
Stock options to purchase common stock	22,643,905	15,100,909
RSUs	948,862	2,027,107
PSUs	4,186,797	615,467
Warrants	628,664	628,834
Series B Convertible Preferred Stock (as converted to common stock)	—	547,450
Total	28,408,228	18,919,767