Quarterly report [Sections 13 or 15(d)]

NET LOSS PER COMMON SHARE

v3.25.1
NET LOSS PER COMMON SHARE
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
NET LOSS PER COMMON SHARE

NOTE 8 — NET LOSS PER COMMON SHARE

The following table presents the calculation of basic and diluted net loss per common share (in thousands, except per share amounts):

Three Months Ended March 31, 

    

2025

    

2024

Net loss

$

(30,577)

$

(11,474)

Weighted average common shares outstanding (basic and diluted)

 

147,598

 

146,857

Net loss per common share (basic and diluted)

$

(0.21)

$

(0.08)

Shares excluded due to being anti-dilutive (1)

3,634

1,982

(1)

Includes restricted stock units and cash return on capital employed performance stock units as their effect, if included, would have been anti-dilutive. The total shareholder return performance stock units are not included as they are not likely to attain their applicable performance metric.