Loss Per Common Share

9 Months Ended

Sep. 30, 2023

The following table sets forth the computation of basic and diluted loss per common share (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
Basic loss per common share	2023		2022		2023		2022
Net loss	$	(9,801)	$	(13,713)	$	(26,715)	$	(21,361)
Net loss allocated to participating securities	39		70		108		109
Net loss allocated to common shareholders	$	(9,762)	$	(13,643)	$	(26,607)	$	(21,252)

Basic weighted-average common shares outstanding	40,881		40,115		40,691		39,999
Basic loss per common share	$	(0.24)	$	(0.34)	$	(0.65)	$	(0.53)


	Three Months Ended September 30,				Nine Months Ended September 30,
Diluted loss per common share	2023		2022		2023		2022
Net loss	$	(9,801)	$	(13,713)	$	(26,715)	$	(21,361)
Net loss allocated to participating securities	39		70		108		109
Net loss allocated to common shareholders	$	(9,762)	$	(13,643)	$	(26,607)	$	(21,252)



Diluted weighted-average common shares outstanding	40,881		40,115		40,691		39,999
Diluted loss per common share	$	(0.24)	$	(0.34)	$	(0.65)	$	(0.53)

We excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. For the three and nine months ended September 30, 2023 and 2022 all stock options and awards were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive due to the net loss.