Net Loss Per Share

6 Months Ended

Jun. 30, 2025

14. Net Loss Per Share

Basic and diluted net loss per common share is calculated as follows (in thousands except share and per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Net loss	$	(26,217	)	$	(20,686	)	$	(48,638	)	$	(40,143	)
Net loss attributable to common shareholders	$	(26,217	)	$	(20,686	)	$	(48,638	)	$	(40,143	)
Net loss per common share, basic and diluted	$	(0.40	)	$	(0.31	)	$	(0.74	)	$	(0.61	)
Weighted-average number of shares used in computing net loss per common share, basic and diluted		65,880,914			65,880,914			65,880,914			65,880,914

The following outstanding potentially dilutive securities have been excluded from the calculation of diluted net loss per common share, as their effect is anti-dilutive:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Stock options to purchase common stock		11,539,300		8,992,635		11,539,300		8,992,635
Warrants issued in Private Placement		37,065,647		37,065,647		37,065,647		37,065,647
Common stock warrants issued to the EIB		9,845,532		—		9,845,532		—