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NET LOSS PER SHARE
 3 Months Ended
Mar. 28, 2026
Net loss per share attributable to common stockholders:  
NET LOSS PER SHARE

7. NET LOSS PER SHARE

 

Basic net income or loss per share attributable to common stockholders is computed using the weighted-average number of shares of common stock outstanding during the period including the pre-funded warrants, less any nonvested restricted shares. The Company adjusts net income or loss attributable to common stockholders for dividends and deemed dividends on convertible preferred stock.

 

Diluted net income or loss per share is calculated using the treasury-stock method or the if-converted method, as applicable, for potentially dilutive instruments but such instruments are excluded from the calculation of diluted net loss per share, when their effect would be anti-dilutive for the periods presented.

 

Weighted average common shares outstanding used to calculate earnings per share are as follows:

 

  

Three months ended

March 28, 2026

  

Three months ended

March 29, 2025

 
Weighted average common shares outstanding-basic   186,903,857    166,118,010 
Stock options and non-vested restricted common stock   —    — 
Convertible preferred stock (as converted to common stock)   —    — 
Weighted average common shares outstanding-diluted   186,903,857    166,118,010 

 

The following potentially dilutive common stock equivalents outstanding at the period-end were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

  

Three months ended

March 28, 2026

  

Three months ended

March 29, 2025

 
Nonvested restricted common stock   6,604,670    6,317,670 
Stock options   1,316,004    591,366 

Convertible preferred stock (as converted to common stock)

   2,354,333    — 
Total   10,275,007    6,909,036