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Net Loss Per Share
6 Months Ended
Jun. 30, 2024
Net Loss Per Share  
Net Loss Per Share

Note 15. Net Loss Per Share

Basic and diluted net loss per share are as follows:

Three months ended

Six months ended

    

June 30, 

June 30, 

2024

    

2023

2024

    

2023

Net loss (numerator)

$

(8,299)

$

(53,515)

$

(35,090)

$

(106,311)

Weighted average shares (denominator)

40,253

29,187

35,560

28,903

Basic and diluted net loss per share

$

(0.21)

$

(1.83)

$

(0.99)

$

(3.68)

The 5,565 Pre-Funded warrants to purchase common shares issued in connection with the registered direct offering completed in March 2024 are included in the calculation of basic and diluted net loss per share as the exercise price of $0.001 per share is non-substantive and virtually assured. As of June 30, 2024, 1,705 Pre-Funded Warrants remain unexercised were included in the calculation of basic and diluted net loss per share.

Potentially dilutive securities outstanding consists of stock options, RSUs, performance units and BTI Warrants (excluding the Prefunded Warrants). The Company had common stock equivalents outstanding as of June 30, 2024 and 2023 of 14,458 and 5,801 shares, respectively.