​

​

Three-Month Periods Ended

​

​

​

March 31, 

​

$ in thousands

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Net income (loss) before income taxes

​

$

(2,230)

​

$

(4,073)

​

Provision (benefit) for income taxes

​

—

​

—

​

Effective tax rate

​

0.0

%

0.0

%