Earnings (Loss) per Share

3 Months Ended

Mar. 31, 2025

Basic earnings (loss) per share (“EPS”) excludes dilution and is computed by dividing net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock

using the treasury stock method. Potentially dilutive securities (consisting primarily of the 2025 Convertible Notes calculated using the if-converted method and warrants, stock options and RSUs calculated using the treasury stock method) are excluded from the diluted EPS computation in loss periods and when their effect would be anti-dilutive.

The calculation of basic and diluted EPS was as follows (in thousands, except per share data):


	Income/(Loss) (Numerator)		Shares* (Denominator)	Per-Share Amount**
For the three months ended March 31, 2025
Basic and Diluted EPS
Income (loss) from continuing operations	$	(1,170)
Less: preferred stock dividends	(864)
Income (loss) from continuing operations attributable to common stockholders	(2,034)		15,002	$	(0.14)
Income from discontinued operations, net of tax	(400)		15,002	$	(0.03)
Income (loss) attributable to common stockholders	$	(2,434)	15,002	$	(0.16)



















For the three months ended March 31, 2024
Basic and Diluted EPS
Income (loss) from continuing operations	$	(5,516)
Less: preferred stock dividends	(790)
Income (loss) from continuing operations attributable to common stockholders	(6,306)		11,880	$	(0.53)
Income from discontinued operations, net of tax	1,061		11,880	$	0.09
Income (loss) attributable to common stockholders	$	(5,245)	11,880	$	(0.44)

(*) Adjusted retroactively for reverse stock split that occurred on January 24, 2024, see Note 1.

(**) Rounding may affect summation.

The following is a summary of outstanding anti-dilutive potential shares of common stock that have been excluded from diluted net loss per share attributable to common stockholders because their inclusion would have been anti-dilutive as of March 31, 2025 and 2024 (in thousands):


	As of March 31,
	2025	2024
2025 Convertible Notes	119	1,338
Common stock warrants	3,018	—
Non-qualified stock options	1,121	448
Restricted stock units	1,318	186
Employee stock purchase plan	29	26
Total	5,605	1,998