Net Loss per Share

3 Months Ended

Mar. 31, 2025

Net Loss per Share

Net Loss per Share

8. Net Loss per Share

Basic and diluted net loss per share is summarized in the following table:

	Three Months Ended
	March 31,
(In thousands, except for share and per share data)	2025		2024
Numerator:
Net loss	$	(15,085)	$	(16,941)
Denominator:
Weighted average shares of common stock outstanding, basic and diluted		122,390,303		71,074,858
Net loss per share, basic and diluted	$	(0.12)	$	(0.24)

The Company’s potentially dilutive securities, which included stock options and RSUs, have been excluded from the computation of diluted net loss per share since the effect would be to reduce the net loss per share. Therefore, the weighted average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share is the same. For the three months ended March 31, 2025, the basic and diluted weighted-average shares outstanding included the Warrants, as there were no outstanding contingencies associated with the vesting or exercisability of the Warrants.

The following table presents potential shares of common stock excluded from the calculation of diluted net loss per share for the three months ended March 31, 2025 and 2024. All share amounts presented in the table below represent the total number outstanding as of March 31, 2025 and 2024.

	Three Months Ended
	March 31,
	2025	2024
Options to purchase common stock	10,550,202	6,966,980
Restricted stock units	3,410,857	3,139,539
Total potential shares of common stock	13,961,059	10,106,519