EARNINGS PER SHARE (''EPS'')

9 Months Ended

Sep. 30, 2024

10. EARNINGS PER SHARE ("EPS")

The computation of basic EPS are based on the Company’s weighted average shares outstanding. No shares of Series D Preferred Stock, Series A Preferred Stock, or Series A1 Preferred Stock outstanding as of September 30, 2024 or 2023 were included in the computation of diluted EPS because they had no dilutive effect. Outstanding Series A Preferred Warrants were not included in the computation of diluted EPS for the three and nine months ended September 30, 2024 and 2023 because their impact was either anti-dilutive or such warrants were not exercisable during such periods (Note 12).

EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.

The following table reconciles the numerator and denominator used in computing the Company’s basic and diluted per-share amounts for net loss attributable to common stockholders for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator:
Net loss attributable to common stockholders	$	(34,775)	$	(22,934)	$	(56,737)	$	(59,464)
Redeemable preferred stock dividends declared on dilutive shares	—		—		—		—
Diluted net loss attributable to common stockholders	$	(34,775)	$	(22,934)	$	(56,737)	$	(59,464)
Denominator:
Basic weighted average shares of Common Stock outstanding	28,493		24,422		25,789		24,402
Effect of dilutive securities—contingently issuable shares	—		—		—		—
Diluted weighted average shares and common stock equivalents outstanding	28,493		24,422		25,789		24,402
Net loss attributable to common stockholders per share:
Basic	$	(1.22)	$	(0.94)	$	(2.20)	$	(2.44)
Diluted	$	(1.22)	$	(0.94)	$	(2.20)	$	(2.44)