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Note 20 - Loss Per Share | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | 20. Loss Per Share Basic loss per share available to the Company’s common shareholders (“EPS”) is computed by dividing net loss by the weighted average number of common shares outstanding for the period. In computing diluted EPS, the Company adjusts the denominator, subject to anti-dilution requirements, to include the dilution from potential shares of common stock resulting from outstanding share-based payment awards, warrants, earn-outs and the conversion of convertible preferred shares. The Company applies the two-class method in calculating loss per share. The Company’s Sponsor Earn-Out Shares described in “Note 14 — Mezzanine Equity and Stockholders’ Equity” are considered participating securities and have no contractual obligation to shares in the loss of the Company. As such, the weighted-average impact of these shares is excluded from the calculation of loss per share below. As losses were incurred during all periods presented, no earnings per share exists for the Sponsor Earn-Out Shares until vested.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands, except |
|  | per share amounts) |
Loss per share available to common stockholders, excluding sponsor earn-out stockholders |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (29,142 | ) |  | $ | (21,501 | ) |  | $ | (38,688 | )
Net (loss) income attributable to noncontrolling interest |  |  | (52 | ) |  |  | 224 |  |  |  | 2,942 |
Total net loss available to common stockholders |  | $ | (29,090 | ) |  | $ | (21,725 | ) |  | $ | (41,630 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 183,721 |  |  |  | 182,257 |  |  |  | 181,957 |
Effect of dilutive securities |  |  | — |  |  |  | — |  |  |  | — |
Weighted average diluted shares |  |  | 183,721 |  |  |  | 182,257 |  |  |  | 181,957 |
Basic and diluted loss per share available to common stockholders, excluding sponsor earn-out stockholders |  | $ | (0.16 | ) |  | $ | (0.12 | ) |  | $ | (0.23 | )
To arrive at net loss available to common stockholders, the Company deducted net income attributable to the noncontrolling interest in MaivenPoint and deemed dividends, which related to the redemption, extinguishment, and remeasurement of preferred stock. For the years ended December 31, 2024, 2023 and 2022, the Company’s potentially dilutive securities were deemed to be anti-dilutive given the Company’s net loss position. As such, basic loss per share is equal to diluted loss per share for the periods presented. The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding because such securities have an antidilutive impact due to losses reported:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Stock options |  |  | 23,280 |  |  |  | 27,192 |  |  |  | 29,168 |
Restricted stock units |  |  | 9,660 |  |  |  | 10,703 |  |  |  | 8,493 |
Warrants |  |  | 14,815 |  |  |  | 17,905 |  |  |  | 17,905 |
Company Earn-Outs |  |  | — |  |  |  | 3,000 |  |  |  | 3,000 |
Total potentially dilutive securities |  |  | 47,755 |  |  |  | 58,800 |  |  |  | 58,566 |

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