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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Loss Per Share

The table below sets forth the computation of basic and diluted loss per share for the periods presented (in thousands, except share and per share amounts):

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(8,496

)

 

$

(10,633

)

 

$

(16,780

)

 

$

(20,032

)

Deemed dividends

 

 

 

 

 

(2,044

)

 

 

 

 

 

(2,419

)

Net loss attributable to common stockholder

 

$

(8,496

)

 

$

(12,677

)

 

$

(16,780

)

 

$

(22,451

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

449,785

 

 

 

366,509

 

 

 

446,390

 

 

 

364,662

 

Effect of dilutive shares

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted loss per share

 

$

(18.89

)

 

$

(34.59

)

 

$

(37.59

)

 

$

(61.57

)

Summary of Anti-Dilutive Securities Excluded from Calculation of Diluted Earnings Per Share The following table summarizes the number of shares of common stock issuable

under various securities that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:

 

 

Three and six months ended June 30,

 

 

 

2025

 

 

2024

 

Redeemable convertible preferred stock

 

 

12,729,240

 

 

 

12,811,473

 

Common warrants

 

 

672,632

 

 

 

672,632

 

Preferred warrants

 

 

4,883

 

 

 

10,377

 

Restricted stock units

 

 

185,243

 

 

 

66,200

 

Stock options

 

 

2,360,530

 

 

 

1,805,387

 

Total shares

 

 

15,952,528

 

 

 

15,366,069