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Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share to common stockholders:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(in thousands, except share and per share data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(2,166

)

 

$

(13,117

)

 

$

(13,597

)

 

$

(35,944

)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares of common stock outstanding – basic and diluted

 

 

65,683,332

 

 

 

60,608,934

 

 

63,226,401

 

 

60,130,249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share of common stock – basic

 

$

(0.03

)

 

$

(0.22

)

 

$

(0.22

)

 

$

(0.60

)

Net loss per share of common stock – diluted

 

$

(0.03

)

 

$

(0.22

)

 

$

(0.22

)

 

$

(0.60

)

Summary of Anti-dilutive Shares Outstanding

The Company excluded the effect of the below elements from our calculation of diluted loss per share, as their inclusion would have been anti-dilutive. These amounts represent the number of instruments outstanding at the end of the period.

 

 

 

As of September 30,

 

 

 

2025

 

 

2024

 

Outstanding stock options, performance stock units and restricted stock units

 

 

4,970,163

 

 

 

5,329,471

 

Convertible promissory note

 

 

5,305,861

 

 

 

5,305,861

 

 

 

 

10,276,024

 

 

 

10,635,332