Three Months Ended

Nine Months Ended

September 30,

2024

2023

2024

2023

Basic:

Net income (loss)

$

21,628

$

(53,799)

$

(9,680)

$

(35,736)

Less: Preferred stock dividend

(9,321)

(3,863)

(23,539)

(6,352)

Less: Undistributed earnings allocable to preferred stockholders

(6,732)

—

Net (loss) income available to common stockholders

$

5,575

$

(57,662)

$

(33,219)

$

(42,088)

Weighted average basic number of common shares outstanding basic

16,457

16,436

Basic net (loss) income per share of common stock

$

0.34

$

(3.50)

$

(2.02)

$

(2.56)

Diluted:

Net (loss) income available to common stockholders basic

$

5,575

$

(57,662)

$

(33,219)

$

(42,088)

Reallocation of undistributed earnings

12

—

Net (loss) income available to common stockholders diluted

$

5,587

$

(57,662)

$

(33,219)

$

(42,088)

Weighted average basic number of common shares outstanding basic

16,457

16,436

Common stock equivalent shares representing shares issuable upon:

Exercise of stock options

Anti-dilutive

Vesting of restricted stock units

66

Anti-dilutive

Weighted average diluted number of common shares outstanding diluted

16,523

16,457

16,436

Diluted net (loss) income per share of common stock

$

0.34

$

(3.50)

$

(2.02)

$

(2.56)