Net Loss Per Share

6 Months Ended

Jun. 30, 2025

17. Net loss per share


	Three months ended June 30,						Six months ended June 30,
($ in thousands)	2025			2024			2025			2024
Net loss for basic and diluted calculation	$	(15,430	)	$	(12,241	)	$	(19,249	)	$	(21,012	)

Weighted average shares outstanding for calculating basic and diluted loss per share(*)		13,098,825			12,617,128			12,948,189			12,581,608

Basic and diluted loss per share(*)	$	(1.18	)	$	(0.97	)	$	(1.49	)	$	(1.67	)


* -	Prior year per-share amounts and number of shares, as applicable, have been revised to reflect the Reverse Stock Split effective November 29, 2024.

For purposes of computing diluted loss per share, weighted average common shares outstanding do not include potentially dilutive securities that are anti-dilutive, as shown below.


	For the three and six months ended June 30,
	2025		2024
Anti-dilutive securities excluded from calculating dilutive loss per share:
Shares of common stock issuable under stock option plans outstanding		206,405		238,630
Shares of common stock issuable upon vesting of RSUs		1,974,750		1,152,168
Potential common shares excluded from diluted net loss per share calculation		2,181,155		1,390,798

The Original Warrants, which were exercised in full on June 30, 2025, were deemed to be participating securities as the holders of the Original Warrants had the ability to participate in distributions, as defined in the warrant agreement. However, the holders of the Original Warrants do not have an obligation to share in the Company's losses. As such, losses are attributed entirely to the common stockholders. For the period the Original Warrants were outstanding, they had no dilutive effect on our diluted loss per share for the three and six months ended June 30, 2025.