Loss Per Share

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Loss Per Share

Loss Per Share

The table below summarizes the Company’s basic and diluted loss per share calculations (in thousands, except share and per share amounts):

	Year Ended December 31,
	2024		2023
Net loss	$	(60,896)	$	(55,024)
Weighted average shares outstanding
Basic	23,176,014		21,113,516
Diluted	23,176,014		21,113,516
Basic loss per common share	$	(2.63)	$	(2.61)
Diluted loss per common share	$	(2.63)	$	(2.61)

Due to the Company’s net loss during the years ended December 31, 2024 and 2023, respectively, there was no dilutive effect of common stock equivalents because the effects of such would have been anti-dilutive. The following table summarizes the shares excluded from the weighted average number of shares of common stock outstanding, as the impact would be anti-dilutive (in thousands):

	Year Ended December 31,
	2024	2023
Shares after conversion of warrants	9,069	9,069
Restricted stock units	678	607
Total	9,747	9,676