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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2024
Net Income (Loss) Per Share  
Net Income (Loss) Per Share

15.Net Income (Loss) Per Share

The following table sets forth the computation of the basic and diluted net income (loss) per share:

Year Ended December 31, 

(in thousands, except share and per share data)

2024

    

2023

Net loss from continuing operations

$

(215,394)

$

(221,762)

Weighted-average common shares outstanding, basic and diluted

114,553,537

94,162,637

Net loss from continuing operations, basic and diluted

$

(1.88)

$

(2.36)

Net income (loss) from discontinued operations, net of tax

$

243,901

$

(16,130)

Weighted-average common shares outstanding, basic and diluted

114,553,537

94,162,637

Net income (loss) from discontinued operations, basic and diluted

$

2.13

$

(0.17)

Net income (loss)

$

28,507

$

(237,892)

Weighted-average common shares outstanding, basic and diluted

114,553,537

94,162,637

Net income (loss) per share, basic and diluted

$

0.25

$

(2.53)

The following outstanding dilutive potential shares were excluded from the calculation of diluted net income (loss) per share due to their anti-dilutive effect:

Year Ended December 31, 

    

2024

    

2023

Stock options, performance stock options and shares subject to ESPP

 

29,274,841

 

24,083,222

Restricted stock units

 

901,104

 

2,266,387

Shares issuable upon conversion of 2026 Convertible Notes

11,942,152

11,942,152

Total

 

42,118,097

 

38,291,761

The amounts in the table above exclude any shares contingently issuable pursuant to the CVR Agreement because the conditions that could result in a payment becoming due were not met.