Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

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NET LOSS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Loss Per Common Share

11. NET LOSS PER COMMON SHARE

 

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2024 and 2023 (in thousands except share and per share amounts):

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net loss

 

$

(9,997

)

 

$

(8,784

)

 

$

(16,896

)

 

$

(26,529

)

Weighted average number of common shares-basic

 

 

11,053,241

 

 

 

4,277,701

 

 

 

9,681,875

 

 

 

4,229,894

 

Net loss per share of common stock-basic

 

$

(0.90

)

 

$

(2.05

)

 

$

(1.75

)

 

$

(6.27

)

 

Stock options and warrants that have not been exercised and unvested restricted stock units (see Notes 13 and 14) have been excluded from the diluted calculation as all periods presented have a net loss and the impact of these securities would be anti-dilutive.