Net Loss Per Share

3 Months Ended

Mar. 31, 2025

Note 14. Net Loss Per Share

Basic weighted-average shares outstanding excludes nonvested restricted stock. Diluted weighted average shares outstanding is similar to basic weighted-average shares outstanding, except that the weighted-average number of shares is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common share had been issued, including the dilutive impact of nonvested restricted stock. The potentially dilutive securities outstanding during the three months ended March 31, 2025, had an anti-dilutive effect and were therefore not included in the calculation of diluted net loss per share. Basic and diluted net loss per share was calculated as follows:


	Three Months Ended March 31,
	2025			2024
Basic and diluted net loss per share	$	(0.24	)	$	(0.02	)
Numerator:
Net loss (in thousands)	$	(41,194	)	$	(2,908	)
Denominator:
Weighted average number of shares outstanding - basic and diluted		172,756,497			143,591,713

For the three months ended March 31, 2025 and 2024, a total of 3,863,961 and 3,287,852 stock options, RSUs, and restricted stock awards were excluded from the calculation of diluted net loss per share, respectively, because their effect was anti-dilutive.