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Net (Loss) Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Basic and Diluted Net Loss Per Share | The following table reconciles the basic to diluted weighted average shares outstanding for the three and nine months ended September 30, 2024 and 2023. Diluted EPS is adjusted by the effect of dilutive securities, including options and awards under the Company’s equity compensation plans, warrants and ESPP. As a result of the Company’s net loss incurred for the three months ended September 30, 2024 and 2023, and for the nine months ended September 30, 2024. all potentially dilutive instruments outstanding would have anti-dilutive effects on per-share calculations. Therefore, basic and diluted net loss per share are the same for the three months ended September 30, 2024 and 2023 and the nine months ended September 30, 2024 as reflected below.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Net (loss) income | $ | (11,509) |  |  | $ | (2,035) |  |  | $ | (27,082) |  |  | $ | 241 |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares – basic | 91,082,081 |  |  | 64,678,761 |  |  | 85,224,263 |  |  | 59,252,768 |
Effect of stock options (a) | — |  |  | — |  |  | — |  |  | 57,471 |
Effect of restricted stock units (b) | — |  |  | — |  |  | — |  |  | 654,682 |
Effect of warrants (c) | — |  |  | — |  |  | — |  |  | 1,547,751 |
Effect of Employee Stock Purchase Plan (d) | — |  |  | — |  |  | — |  |  | 1,064 |
Weighted-average number of common shares – diluted | 91,082,081 |  |  | 64,678,761 |  |  | 85,224,263 |  |  | 61,513,736 |
(Loss) Earnings per share attributable to common stockholders: |  |  |  |  |  |  |
(Loss) Earnings per common share – basic | $ | (0.13) |  |  | $ | (0.03) |  |  | $ | (0.32) |  |  | $ | — |
(Loss) Earnings per common share – diluted | $ | (0.13) |  |  | $ | (0.03) |  |  | $ | (0.32) |  |  | $ | — |
(a)For the three months ended September 30, 2024 and 2023, outstanding stock options to purchase 6,301,364 and 5,912,647 shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS. For the nine months ended September 30, 2024 and 2023, outstanding stock options to purchase 6,301,364 and 5,339,130 shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS. (b)For the three months ended September 30, 2024 and 2023, outstanding restricted stock units of 3,910,376 and 3,280,313 shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS. For the nine months ended September 30, 2024 and 2023, outstanding restricted stock units of 3,910,376 and 605,650. shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS. (c)For the three months ended September 30, 2024 and 2023, outstanding warrants to purchase 4,624,977 and 4,464,429 shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS. For the nine months ended September 30, 2024 and 2023, outstanding warrants to purchase 4,624,977 and 4,464,429 shares of Common Stock, respectively, were anti-dilutive and excluded from the computation of diluted EPS. (d)For the three and nine months ended September 30, 2024 and the three months ended September 30, 2023, the estimated effects of ESPP awards were not material.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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