Annual report [Section 13 and 15(d), not S-K Item 405]

Net Loss Per Share Attributable to Common Stockholders

v3.25.1
Net Loss Per Share Attributable to Common Stockholders
12 Months Ended
Dec. 31, 2024
Net Loss Per Share Attributable to Common Stockholders  
Net Loss Per Share Attributable to Common Stockholders

11. Net Loss Per Share Attributable to Common Stockholders

Potentially dilutive securities are excluded from the calculation of diluted net loss per share attributable to common stockholders if their inclusion is anti-dilutive.

The following table shows the weighted-average shares from outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net loss per share attributable to common stockholders (in thousands):

Year Ended December 31, 

2024

2023

Convertible preferred stock

5,003

5,003

Common stock options

 

1,755

1,793

Contingently issuable PSUs

273

Warrants for common stock

 

131

17

Total

 

7,162

 

6,813

For PSUs with market conditions, if the market conditions have not been satisfied by the end of the reporting period, the number of shares that would be issuable based on the market price at the end of the reporting period, as if the end of the reporting period were the end of the contingency period, will be included in the calculation of diluted earnings per share if the effect is dilutive. No shares would be issuable based on the market price of $26.28 per share as of December 31, 2024.

For PSUs that have satisfied the market conditions but have not satisfied service conditions by the end of the reporting period, the number of shares issuable is included in the calculation of diluted earnings per share if the effect is dilutive.

The following is a reconciliation of the numerator (net loss) and the denominator (number of shares) used in the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share amounts):

Year Ended December 31, 

2024

2023

Numerator

Net loss

$

(13,821)

$

(40,831)

Less: Series A accumulated dividends

 

(2,122)

 

(2,122)

Less: Series B accumulated dividends

(3,350)

(3,350)

Net loss attributable to common stockholders, basic

$

(19,293)

$

(46,303)

Net loss attributable to common stockholders, diluted

$

(19,293)

$

(46,303)

 

Denominator

 

 

Weighted-average shares used in computing net loss per share attributable to common stockholders, basic

 

11,701

 

11,471

Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted

 

11,701

 

11,471

Net loss per share attributable to common stockholders, basic

$

(1.65)

$

(4.04)

Net loss per share attributable to common stockholders, diluted

$

(1.65)

$

(4.04)