Basic and Diluted Loss Per Share

9 Months Ended

Sep. 30, 2024

Basic and Diluted Loss Per Share

Basic and Diluted Loss Per Share

Note 10 – Basic and Diluted Loss Per Share

Basic loss per share represents net loss attributable to common stock divided by the basic weighted average number of shares of common stock outstanding during the period.

Diluted loss per share also includes the dilutive effect of additional potential shares of common stock issuable from stock-based awards determined using the treasury stock method. Diluted loss per share represents net earnings divided by diluted weighted average number of shares of common stock, which includes the average dilutive effect of all potentially dilutive securities that are outstanding during the period.

The table below sets forth the basic and diluted loss per share calculation for the three and nine months ended September 30, 2024 and 2023.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net loss attributable to common stockholders	$	(22,419)	$	(15,142)	$	(65,900)	$	(46,507)
Weighted average shares outstanding – basic and diluted		179,160,488		178,388,926		179,177,452		177,800,915
Basic and diluted loss per share	$	(0.13)	$	(0.08)	$	(0.37)	$	(0.26)

Due to the net loss for the three and nine months ended September 30, 2024 and 2023 presented above, diluted loss per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive. The table below sets forth (in shares) potentially dilutive securities excluded from the diluted loss per share calculation for the three and nine months ended September 30, 2024 and 2023.

	September 30,
	2024	2023
Warrants	19,333,303	19,333,303
2014 Plan & 2021 Plan - Stock Options	23,497,907	26,386,130
2021 Plan - RSUs	6,764,178	3,192,511
ESPP - Common Stock	167,548	120,339
Total potentially dilutive securities	49,762,936	49,032,283