Net Loss per Common Share

12 Months Ended

Dec. 31, 2024

Note 13 – Net Loss per Common Share

Basic net loss per share excludes dilution and is computed by dividing net loss attributable to the common stockholders by the weighted-average shares outstanding during the period. Diluted net loss per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised, resulting in the issuance of shares of common stock that would then share in the earnings or losses of the Company.

Basic and diluted loss per share as of the dates indicated were (in thousands, except per share amounts):


	Year Ended December 31,
	2024			2023
Numerator
Net loss attributable to common stockholders	$	(42,931	)	$	(52,146	)

Denominator
Weighted-average shares outstanding used in computing net loss per share, basic and diluted		129,670			82,113
Net loss per share, basic and diluted	$	(0.33	)	$	(0.64	)

The potentially dilutive securities as of December 31, 2024 and 2023 primarily represent the shares subject to future issuance under stock options awards, warrants, RSUs, and shares subject to purchase under our ESPP, the terms of which are described in further detail in Note 12 – Share Based Compensation. The potentially dilutive securities would be subject to the treasury stock method when dilutive.

The following outstanding common stock equivalents were excluded from diluted net loss attributable to common stockholders for the periods presented because inclusion would be anti-dilutive (in thousands):


	Year Ended December 31,
	2024		2023
Options to purchase common stock		5,527		3,091
Shares committed under ESPP		104		59
Warrants		4,603		5,603
Restricted stock units		3,771		2,729
Total		14,005		11,482