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Net Loss Per Share
 9 Months Ended
Sep. 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:

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Three months ended

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Nine months ended

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September 30, 

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September 30, 

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2024

    

2023

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2024

    

2023

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Net loss (numerator)

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$

(13,650)

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$

(50,486)

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$

(48,740)

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$

(156,797)

Weighted average shares (denominator)

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42,390

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29,268

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37,853

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29,026

Basic and diluted net loss per share

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$

(0.32)

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$

(1.72)

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$

(1.29)

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$

(5.40)

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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 September 30, 2024, no Pre-Funded Warrants remain unexercised.

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Potentially dilutive securities outstanding consists of stock options, RSUs, performance units and BTI Warrants. The Company had common stock equivalents outstanding as of September 30, 2024 and 2023 of 16,222 and 5,688 shares, respectively.