Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

v3.24.3
NET LOSS PER COMMON SHARE
 9 Months Ended
Sep. 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 nine months ended September 30, 2024 and 2023 (in thousands except share and per share amounts):

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net loss

 

$

(13,783

)

 

$

(10,053

)

 

$

(30,679

)

 

$

(36,582

)

Weighted average number of common shares-basic

 

 

12,014,700

 

 

 

4,423,617

 

 

 

10,490,981

 

 

 

4,295,178

 

Net loss per share of common stock-basic

 

$

(1.15

)

 

$

(2.27

)

 

$

(2.92

)

 

$

(8.52

)

 

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.