EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Net Income (Loss) Attribute To Common Stockholders

The following table summarizes net loss attributable to common stockholders and participating securities used in the calculation of basic and diluted loss per common share:


	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands except share and per share amounts)	2024		2023		2024		2023
Basic (loss) earnings per share:
Net (loss) income attributable to common stock and participating securities used to calculate basic (loss) earnings per share	$	(46,252)	$	2,364	$	(70,216)	$	904
Weighted average common shares outstanding	14,074,540		13,881,302		14,071,430		12,766,250
Dilutive effect of pre-funded warrants	300,357		300,357		300,357		300,357
Weighted average shares outstanding for EPS	14,374,897		14,181,659		14,371,787		13,066,607
Basic (loss) earnings per share	$	(3.22)	$	0.12	$	(4.89)	$	0.05

Diluted (loss) earnings per share:
Net (loss) income attributable to common stock and participating securities used to calculate diluted (loss) earnings per share	$	(46,252)	$	2,364	$	(70,216)	$	904
Weighted average common shares outstanding	14,074,540		13,881,302		14,071,430		12,766,250
Weighted average pre-funded warrants	300,357		300,357		300,357		300,357


Weighted average options	—		110,405		—		121,528
Weighted average shares outstanding for EPS	14,374,897		14,292,064		14,371,787		13,188,135
Diluted (loss) earnings per share	$	(3.22)	$	0.12	$	(4.89)	$	—

Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share

The following common stock equivalent shares were excluded from the calculation of diluted loss per share since their impact would have been anti-dilutive for the periods presented:


	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Shares underlying warrants	2,000,000	—	2,000,000	—
Stock options	295,038	243,958	295,038	243,958
Restricted stock units	370,114	291,739	370,114	291,739
Shares issuable under the Employee Stock Purchase Plan	31,938	27,266	31,938	27,266
Share equivalents excluded from EPS	2,697,090	562,963	2,697,090	562,963