Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

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Net Loss Per Share
3 Months Ended
Apr. 01, 2024
Earnings Per Share [Abstract]  
Net Loss Per Share Net Loss Per Share
Net Loss per common share is computed by dividing Net Loss by the weighted average number of common shares outstanding for the period. The Company has considered the effect of (1) warrants outstanding to purchase 15,063,800 shares of common stock, (2) 2,423,069 shares of restricted stock units outstanding in the calculation of net loss per common share, and (3) the impact of any dividends associated with our redeemable preferred stock. As the effect of these on the computation of net loss per common share would have been anti-dilutive, they were excluded from the weighted average number of common shares outstanding.

Basic and diluted net loss per common share is calculated as follows:

(in thousands, except for per share data) Quarter Ended
Numerator: April 1, 2024 April 3, 2023
Net loss available to common stockholders - diluted $ (6,538) $ (9,151)
Denominator:
Basic and diluted weighted-average shares outstanding 27,021,716  23,568,032 
Basic and diluted net loss per common share $ (0.24) $ (0.39)
For the quarter ended April 1, 2024 and April 3, 2023, there were no dilutive warrants.