Three months ended
June 30,

Six months ended
June 30,

(In thousands, except share and per share data)

2026

2025

2026

2025

Numerator:

Net income (loss) from continuing operations

$

1,184

$

(7,205

)

$

21,106

$

(10,479

)

Net (loss) income from discontinued operations

—

(155

)

—

1,493

Minus: net income allocated to participating warrants

(990

)

—

(17,638

)

—

Numerator for basic EPS - Net income (loss) available for common shareholders

$

194

$

(7,360

)

$

3,468

$

(8,986

)

Effect of dilutive securities

Interest expense on Convertible Notes - from continuing operations

$

—

$

—

$

2,960

$

—

Reallocation of net income to participating warrants

10

—

1,397

—

Numerator for diluted EPS - Net income (loss) available for common shareholders

$

204

$

(7,360

)

$

7,825

$

(8,986

)

Denominator:

Denominator for basic EPS - Weighted-average common shares outstanding

2,155,721

1,965,425

2,152,443

1,958,724

Effect of dilutive securities

Unvested restricted stock units

128,250

—

128,250

—

Conversion of Convertible Notes

—

2,971,433

—

Denominator for diluted EPS - adjusted weighted-average common stock outstanding

2,283,971

1,965,425

5,252,126

1,958,724

Basic net income (loss) per share attributable to common shareholders

$

0.09

$

(3.74

)

$

1.61

$

(4.59

)

Diluted net income (loss) per share attributable to common shareholders

$

0.09

$

(3.74

)

$

1.49

$

(4.59

)