Loss per share

12 Months Ended

Dec. 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):

	Year Ended December 31,
	2025		2024
Net loss	$	(40,664)	$	(60,896)
Weighted average shares outstanding
Basic	43,260,501		23,176,014
Diluted	43,260,501		23,176,014
Basic loss per common share	$	(0.94)	$	(2.63)
Diluted loss per common share	$	(0.94)	$	(2.63)

Due to the Company’s net loss during the years ended December 31, 2025 and 2024, 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,
	2025	2024
Shares after conversion of warrants	16,285	9,069
Restricted stock units (unvested plus vested deferred)	825	678
Total	17,110	9,747