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Net Loss Per Share (Table)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

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

 

Schedule of Potentially Dilutive Securities Excluded from Calculation of Diluted Net Loss per Share

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