Three Months Ended

Six Months Ended

June 30,

2025

2024

2025

2024

Basic:

Net income (loss)

$

4,796

$

(105)

$

10,819

$

(31,307)

Less: Preferred stock dividend

(8,270)

(8,586)

(20,090)

(14,218)

Less: Undistributed earnings allocable to preferred stockholders

—

Net loss available to common stockholders

$

(3,474)

$

(8,691)

$

(9,271)

$

(45,525)

Weighted average basic number of common shares outstanding basic

16,457

Basic net loss per share of common stock

$

(0.21)

$

(0.53)

$

(0.56)

$

(2.77)

Diluted:

Net loss available to common stockholders basic

$

(3,474)

$

(8,691)

$

(9,271)

$

(45,525)

Reallocation of undistributed earnings

—

Net loss available to common stockholders diluted

$

(3,474)

$

(8,691)

$

(9,271)

$

(45,525)

Weighted average basic number of common shares outstanding basic

16,457

Common stock equivalent shares representing shares issuable upon:

Exercise of stock options

Anti-dilutive

Vesting of restricted stock units

Anti-dilutive

Weighted average diluted number of common shares outstanding diluted

16,457

Diluted net loss per share of common stock

$

(0.21)

$

(0.53)

$

(0.56)

$

(2.77)