Net Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2025

Net Loss Per Common Share

The following table summarizes the computation of basic and diluted net loss per common share.


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net loss	$	(8,102)	$	(2,203)	$	(14,787)	$	(14,740)
Adjustment for preferred stock cumulative dividends and deemed dividends	(4,614)		(3,843)		(9,021)		(7,513)



Numerator for basic and diluted net loss per common share	$	(12,716)	$	(6,046)	$	(23,808)	$	(22,253)

Denominator:
Weighted average common shares outstanding	50,404		49,940		50,197		49,214
Adjustment for participating securities	(2,429)		(2,622)		(2,401)		(3,038)
Adjustment for warrants outstanding (1)	1,458		1,521		1,459		2,105





Shares used to calculate basic and diluted net loss per share	49,433		48,839		49,255		48,281








Basic and diluted net loss per common share	$	(0.26)	$	(0.12)	$	(0.48)	$	(0.46)

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(1) Outstanding warrants that are exercisable at an exercise price of $0.01 per share are included in shares outstanding for calculation of basic earnings per share (see Note 16).

The following table presents securities that could be potentially dilutive in the future that were excluded from the calculation of diluted net loss per common share because they had an anti-dilutive effect.


	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Stock options	134	207	151	232
Warrants	1,500	1,500	1,500	1,500
Performance share units	820	820	820	783
Total antidilutive securities	2,454	2,527	2,471	2,515

Stock options excluded from the calculations of diluted net loss per share have a per share exercise price ranging from $7.93 to $25.16 for the six months ended June 30, 2025. Warrants excluded from the calculation of diluted net loss per share have a per

share exercise price of $11.03 (see Note 16). Performance share units are potentially dilutive when the related performance criterion has been met.