Quarterly report [Sections 13 or 15(d)]

Loss per Share

v3.25.2
Loss per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Loss per Share Loss per Share
Basic and diluted loss per share for the three and six months ended June 30, 2025 and 2024, respectively, consisted of the following (in thousands, except per share data):
Three Months Ended
June 30,		 Six Months Ended
June 30,
2025 2024 2025 2024
Numerator (Basic and Diluted):
Net loss $ (11,035) $ (5,538) $ (15,457) $ (15,525)
Change in value for stock settled consideration(1)
—  3  5  24 
Adjusted net loss $ (11,035) $ (5,535) $ (15,452) $ (15,501)
Denominator:
Basic
Weighted average common shares issued and outstanding 39,021 38,692 38,984 38,578
Deduct: Unvested RSAs (2)
(17) (17) (17) (17)
Weighted average common shares outstanding 39,004 38,675 38,967 38,561
Basic loss per common share $ (0.28) $ (0.14) $ (0.40) $ (0.40)
Diluted
Weighted average common shares outstanding from above 39,004 38,675 38,967 38,561
Add: Dilutive effect of RSUs, RSAs, PSUs & ESPP(3)
— — — —
Add: Contingently issuable shares(1)(3)
— — — —
Weighted average common shares outstanding 39,004 38,675 38,967 38,561
Diluted loss per common share $ (0.28) $ (0.14) $ (0.40) $ (0.40)
Antidilutive shares excluded from diluted loss per common share(4)
1,297 1,296 1,184 1,220
(1)Relates to contingently issuable stock settled consideration.
(2)RSAs were issued to the non-employee directors and will vest in full on the earlier of the first anniversary of the date of grant or the next annual meeting of stockholders, subject to service requirements. See Note 9 – “Stock-Based Compensation Plans” for additional information.
(3)Shares related to the Company's RSUs, RSAs, PSUs, Amended ESPP, and contingently issuable shares were excluded from the weighted average common shares outstanding for each of the three and six months ended June 30, 2025 and 2024 because inclusion of such shares would be antidilutive in a period of loss.
(4)Primarily pertaining to RSU grants to the Company’s employees and independent contractors.