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Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Components of Basic and Diluted Loss Per Shares

The following is a calculation of the basic and diluted earnings per share for the Company's common stock, including a reconciliation between net income attributable to common stockholders used for Basic EPS and Diluted EPS for the three months ended March 31, 2025 and 2024:

(in thousands, except share and per share data)		Three Months Ended March 31,
		2025				2024
Basic Earnings Per Share
Numerator:
Net (loss) income used to compute basic (loss) earnings per share		$	(4,250	)		$	50,599
Denominator:
Weighted average common stock outstanding used in basic EPS computations			151,289,278				130,712,032
(Loss) earnings per share, basic		$	(0.03	)		$	0.39
Diluted Earnings Per Share
Numerator:
Net (loss) income attributable to common stockholders		$	(4,250	)		$	50,599
If-converted impact on net income attributable to common stockholders			-				3,673
Net (loss) income attributable to common stockholders for diluted EPS		$	(4,250	)		$	54,272
Denominator:
Weighted average common stock outstanding used in basic EPS computations			151,289,278				130,712,032
Weighted average effect of dilutive securities			-				15,315,053
Weighted average common stock outstanding used in diluted EPS computations			151,289,278				146,027,085
Diluted (Loss) Earnings Per Share		$	(0.03	)		$	0.37

Summary of Anti Dilutive Securities Excluded from Calculations of Diluted Per Share

Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:

		Three Months Ended March 31,
Anti-dilutive securities excluded from diluted loss per share:		2025				2024
Anti-dilutive Earnout Awards			19,195,100				19,195,100
Anti-dilutive stock options			170,494				-
Anti-dilutive restricted stock units			12,424,203				5,569,966
Anti-dilutive GPO Convertible Note			6,660,606				-
Anti-dilutive Dragonfly Seller Convertible Notes			1,273,138				-
Anti-dilutive Era Convertible Note			4,547,533				-
Anti-dilutive Convertible Notes			11,653,244
Total anti-dilutive securities excluded from diluted (loss) earnings per share			55,924,318				24,765,066

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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