Quarterly report [Sections 13 or 15(d)]

NET LOSS PER COMMON SHARE

v3.25.1
NET LOSS PER COMMON SHARE
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net Loss Per Common Share

11. NET LOSS PER COMMON SHARE

 

Basic and diluted net loss per share of the Company’s common stock has been computed by dividing net loss by the weighted average number of shares outstanding during the period. For years in which there is a net loss, options, warrants and RSUs are anti-dilutive and therefore excluded from diluted loss per share calculations. The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2025 and 2024 (in thousands except share and per share amounts):

 

 

 

Three Months Ended
March 31,

 

 

 

2025

 

 

2024

 

Net loss

 

$

(16,978

)

 

$

(6,899

)

Weighted average number of common shares-basic and diluted

 

 

12,202,092

 

 

 

8,310,508

 

Net loss per share of common stock-basic and diluted

 

$

(1.39

)

 

$

(0.83

)

 

The following common stock equivalents have been excluded from the calculation of diluted net loss per share for the periods presented because including them would have been anti-dilutive:

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

Stock options

 

 

1,319,028

 

 

 

820,804

 

Unvested restricted stock units

 

 

473,792

 

 

 

212,493

 

Warrants

 

 

2,873

 

 

 

50,207