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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share

Basic and diluted net loss per common share is determined by dividing the net loss by the weighted-average common shares outstanding during the period, as follows (net loss in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(16,049

)

 

$

(27,729

)

 

$

(31,079

)

 

$

(38,878

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

46,686,239

 

 

 

43,096,374

 

 

 

45,314,234

 

 

 

43,053,351

 

Net loss per share, basic and diluted

 

$

(0.34

)

 

$

(0.64

)

 

$

(0.69

)

 

$

(0.90

)

Schedule of Outstanding Potentially Dilutive Ordinary Shares Excluded from Calculation of Diluted Net Loss Per Share

The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net loss per share for the periods presented because including them would have been antidilutive:

 

 

June 30,

 

 

2025

 

 

2024

 

Stock options issued and outstanding

 

 

12,799,907

 

 

 

9,966,824

 

Common Warrants

 

 

8,671,928

 

 

 

 

Pre-Funded Warrants

 

 

2,000,000

 

 

 

 

Restricted stock awards

 

 

29,745

 

 

 

127,090

 

Total

 

 

23,501,580

 

 

 

10,093,914