EARNINGS PER SHARE (''EPS'')

12 Months Ended

Dec. 31, 2024

10. EARNINGS PER SHARE (“EPS”)

The computation of basic EPS is based on the Company’s weighted average shares outstanding. No shares of Series D Preferred Stock, Series A Preferred Stock, or Series A1 Preferred Stock outstanding as of December 31, 2024 were included in the computation of diluted EPS because they had no dilutive effect. Outstanding Series A Preferred Warrants were not included in the computation of diluted EPS for the years ended December 31, 2024 and 2023 because their impact was either anti-dilutive or such warrants were not exercisable during such periods (Note 12).

EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.

The following table reconciles the numerator and denominator used in computing the Company’s basic and diluted per-share amounts for net loss attributable to common stockholders for the years ended December 31, 2024 and 2023:


	Year Ended December 31,
	2024		2023
	(in thousands, except per share amounts)
Numerator:
Net loss attributable to common stockholders	$	(73,343)	$	(75,727)
Redeemable preferred stock dividends declared on dilutive shares	—		—
Diluted net loss attributable to common stockholders	$	(73,343)	$	(75,727)

Denominator:
Basic weighted average shares of Common Stock outstanding	4,261		2,441
Effect of dilutive securities—contingently issuable shares	—		—
Diluted weighted average shares and common stock equivalents outstanding	4,261		2,441

Net loss attributable to common stockholders per share:
Basic	$	(17.21)	$	(31.02)
Diluted	$	(17.21)	$	(31.02)