Annual report [Section 13 and 15(d), not S-K Item 405]

Net (Loss) Profit Per Share (Tables)

v3.25.1
Net (Loss) Profit Per Share (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of Earnings Per Share, Basic and Diluted

The Company computes basic net profit (loss) per share using net profit (loss) attributable to the Company’s common stockholders and the weighted-average number of common shares outstanding during each period. Diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive. The Company does this through the treasury stock method.

 

 

 

Year Ended December 31,

 

(in thousands, except per share amounts)

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(85,566

)

 

$

(103,567

)

Net loss attributable to common stockholders - Basic & Diluted

 

 

(85,566

)

 

 

(103,567

)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

20,252,793

 

 

 

19,689,601

 

Add: Weighted average unvested options outstanding

 

 

 

 

 

 

Add: Dilutive effect of restricted units issued

 

 

 

 

 

 

Weighted average shares outstanding - Diluted

 

 

20,252,793

 

 

 

19,689,601

 

Net loss per common share:

 

 

 

 

 

 

Basic

 

$

(4.22

)

 

$

(5.26

)

Diluted

 

 

(4.22

)

 

 

(5.26

)

Summary of Dilutive Securities are Excluded from the Denominator The following dilutive securities are excluded from the denominator:

 

 

 

Year Ended
December 31,

 

 

 

2024

 

 

2023

 

Unvested RSUs

 

 

1,587,890

 

 

 

1,307,521

 

Unvested or unexercised option awards

 

 

1,059,385

 

 

 

1,111,327

 

Warrants

 

 

852,498

 

 

 

852,498

 

Contingently issuable earnout shares

 

 

1,466,666

 

 

 

1,466,666

 

Total

 

 

4,966,438

 

 

 

4,738,012