Net Loss per Common Share

9 Months Ended

Sep. 30, 2025

Note 11 – 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 below were (in thousands, except per share amounts):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Numerator
Net loss attributable to common stockholders	$	(8,716	)	$	(10,258	)	$	(31,285	)	$	(34,680	)

Denominator
Weighted-average shares outstanding used in computing net loss per share, basic and diluted		7,500			7,315			7,378			6,182
Net loss per share, basic and diluted	$	(1.16	)	$	(1.40	)	$	(4.24	)	$	(5.61	)

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):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Options to purchase common stock		436		269		436		269
Shares committed under ESPP		4		1		4		1
Warrants		280		230		280		230
Restricted stock units		215		189		215		189
Total		935		689		935		689