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Net Loss Per Share

3 Months Ended

Mar. 31, 2025

Net Loss Per Share

Net Loss Per Share

Note 5. Net Loss Per Share

We calculate basic and diluted net loss per share using the weighted average number of common shares outstanding during the periods presented. In periods of a net loss position, basic and diluted weighted average common shares are the same. For the diluted earnings per share calculation, we adjust the weighted average number of common shares outstanding to include dilutive stock options, unvested restricted stock units and shares associated with the conversion of the Company’s 0.75% Convertible Senior Notes due in 2026 (the “2026 Senior Notes”), the Company’s 3.0% Convertible Senior Notes due in 2025 (the “2025 Senior Notes”) (together with the 2026 Senior Notes, the “Convertible Senior Notes”) and the Company’s 4.0% Series C Convertible Preferred Stock (“Series C Preferred Stock”) outstanding during the periods, using the treasury stock method or the “if converted” method as applicable.

​

The following shows the amounts used in computing net loss per share (in thousands except per share data):

​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	​	March 31,
​		2025			2024
Loss from continuing operations	​	$	(9,028)	​	$	(15,035)
Loss from discontinued operations	​	​	(2,953)	​	$	(3,860)
Net loss	​	$	(11,981)	​	$	(18,895)
Paid-in-kind dividend on Series C Preferred Stock	​		(2,000)	​		(2,000)
Net loss attributable to common stockholders	​	$	(13,981)	​	$	(20,895)
Weighted average common shares issued and outstanding - basic and diluted	​	​	49,947,012	​	​	49,019,964
Basic and diluted loss per share from continuing operations	​	$	(0.22)	​	$	(0.35)
Basic and diluted loss per share from discontinued operations	​	$	(0.06)	​	$	(0.08)
Basic and diluted net loss per share	​	$	(0.28)	​	$	(0.43)

​

The following table sets forth the number of shares excluded from the computation of diluted loss per share, as their inclusion would have been anti-dilutive:

​

​	​	​	​	​
​	​	Three Months Ended
​	​	March 31,
​		2025		2024
Stock options		790,854		2,201,358
Restricted stock units	​	1,232,258	​	1,207,323
Series C preferred stock	​	6,195,215	​	5,953,481
Conversion of 2026 Senior Notes	​	1,583,280	​	3,156,483
Conversion of 2025 Senior Notes		599,954		599,954
​		10,401,561		13,118,599

​

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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