Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.24.3
Net Loss Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
Net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. In computing net loss per share, the Company's unvested restricted common stock and warrants are not considered participating securities. Diluted loss per common share is the same as basic loss per common share for the three and nine months ended September 30, 2024 and 2023 because the effects of potentially
dilutive items were anti-dilutive given the Company's net loss. If and when applicable, diluted net loss per common share represents an adjustment to basic net loss per share attributable to common stockholders giving effect to all potential common shares that were dilutive and outstanding during the period.

The following table sets forth the computation of the Company's net loss per share attributable to common stockholders:
 
  Three Months Ended
September 30,
Nine months ended
September 30,
(in thousands, except share and per share data)
(in thousands, except share and per share data)
  2024 2023 2024 2023
Net loss
$ (34,327) $ (24,258) $ (83,644) $ (58,461)
Weighted average common shares outstanding, basic and diluted
8,568,970  8,019,561  8,436,727  7,893,665 
Net loss per common share, basic and diluted
$ (4.01) $ (3.02) $ (9.91) $ (7.41)

The following table discloses the weighted-average shares outstanding of securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share as the impact would be anti-dilutive:
  Three Months Ended
September 30,
Nine months ended
September 30,
  2024 2023 2024 2023
Restricted Stock 68,519  222,692  86,746  230,632 
Warrants 6,241,475  6,241,475  6,241,475  4,554,915