Net (Loss) Income Per Share

3 Months Ended

Mar. 31, 2025

11. Net (Loss) Income Per Share

The following table sets forth the computation of basic and diluted net (loss) income per share (in thousands, except share and per share amounts):


	Three Months Ended March 31,
		2025				2024
Numerator:
Net (loss) income	$		(5,042	)	$		130
Denominator
Basic and diluted
Weighted-average common shares outstanding, basic and diluted			13,511,349				9,465,797
Weighted-average pre-funded warrants outstanding, basic and diluted			306,506				232,406
Weighted-average placement agent warrants outstanding, basic and diluted			75,745				56,314
Weighted-average lender warrants outstanding, basic and diluted			227,969				—
Weighted-average number of shares used to calculate basic and diluted net (loss) income per share			14,121,569				9,754,517
Diluted
Weighted-average number of shares used to calculate basic net (loss) income per share			14,121,569				9,754,517
Effect of potentially dilutive securities
Stock options							292,898
Weighted-average number of shares used to calculate diluted net (loss) income per share			14,121,569				10,047,415

Net (loss) income per share
Basic	$		(0.36	)	$		0.01
Diluted	$		(0.36	)	$		0.01

The following outstanding potentially dilutive shares have been excluded from the calculation of diluted net (loss) income per share due to their anti-dilutive effect:


	As of March 31,
	2025		2024
Stock options to purchase common stock		2,845,554		1,818,314
Restricted stock units		40,000		—
Warrants to purchase common stock		3,611,531		5,644,300
Total		6,497,085		7,462,614