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NOTE 9 — 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):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2025 |
|
2024 |
|
2025 |
|
2024 |
Net loss |
|
$ |
(20,884) |
|
$ |
(15,388) |
|
$ |
(51,461) |
|
$ |
(26,862) |
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Weighted average common shares outstanding (basic and diluted) |
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|
147,847 |
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|
146,943 |
|
|
147,723 |
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|
146,900 |
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Net loss per common share (basic and diluted) |
|
$ |
(0.14) |
|
$ |
(0.10) |
|
$ |
(0.35) |
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$ |
(0.18) |
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Shares excluded due to being anti-dilutive (1) |
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|
14,737 |
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|
1,724 |
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|
14,737 |
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|
1,724 |
(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. |
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