Net Loss Per Share

6 Months Ended

Jun. 30, 2025

NOTE 9 – NET LOSS PER SHARE

Basic net loss per share attributable to the Company is computed by dividing the net loss attributable to the Company by the number of weighted-average outstanding common shares in the period. Potentially dilutive common shares, such as common shares issuable upon exercise of stock options, vesting of restricted stock units (“RSUs”), and shares purchased under the Employee Stock Purchase Plan (“ESPP”) are typically reflected in the computation of diluted net income per share by application of the treasury stock method. Due to the net losses reported, these potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to the Company, since their effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted net loss per share attributable the Company (in thousands, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Numerator:
Net loss attributable to the Company - basic and diluted	$	(14,781	)	$	(30,299	)	$	(33,147	)	$	(43,419	)
Denominator:
Weighted-average number of shares used in computing net loss per share attributable to the Company - basic and diluted		45,846			45,331			45,313			44,926
Net loss per share attributable to the Company - basic and diluted	$	(0.32	)	$	(0.67	)	$	(0.73	)	$	(0.97	)

The following potentially dilutive shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands):


	Three and Six Months Ended June 30,
	2025		2024
Stock options		—		57
Restricted stock units		7,386		7,998
ESPP		71		92
Total		7,457		8,147