Income Taxes

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

9.Income Taxes

The Company had an effective tax rate of approximately 0% and (1)% for the three months ended September 30, 2023 and 2022, and (1)% for the nine months ended September 30, 2023 and 2022. The principal differences between the federal statutory rate and the effective tax rate is related to foreign taxes and credits, and the non-recognition of tax benefits for certain entities in a loss position for which a full valuation allowance has been recorded.