Loss Per Share

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net loss	$	(11,737)	$	(13,180)	$	(23,496)	$	(33,930)
Weighted average shares outstanding
Basic and diluted	27,584,548		22,983,276		26,273,721		21,903,372
Loss per common share, basic and diluted	$	(0.43)	$	(0.57)	$	(0.89)	$	(1.55)

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 six months ended June 30, 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):

	June 30,
	2025	2024
Shares upon exercise of warrants	12,827	9,069
Restricted stock units	835	700
Total	13,662	9,769