Loss Per Share

3 Months Ended

Mar. 31, 2025

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):

	Three Months Ended March 31,
	2025		2024
Net loss	$	(11,759)	$	(20,749)
Weighted average shares outstanding
Basic and diluted	24,948,434		20,811,602
Loss per common share, basic and diluted	$	(0.47)	$	(1.00)

Basic and diluted net loss per share is computed by dividing the net loss for the period by the weighted average number of shares of common stock outstanding during the period.

Due to the Company’s net loss during the three months ended March 31, 2025 and 2024, 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):

	March 31,
	2025	2024
Shares upon exercise of warrants	9,069	9,069
Restricted stock units	678	598
Total	9,747	9,667