EARNINGS (LOSS) PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

EARNINGS (LOSS) PER SHARE

Schedule of earnings per share, basic and diluted

Earnings (loss) per share for the three and nine months ended September 30, 2022 and 2021 are calculated for basic and diluted earnings (loss) per share as follows:

	Basic				Diluted				Basic				Diluted
(in thousands, except per share amounts)	Three Months Ended September 30,				Three Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021		2022		2021		2022		2021
Net loss	$	(8,600)	$	(4,447)	$	(8,600)	$	(4,447)	$	(43,653)	$	(18,467)	$	(43,653)	$	(18,467)
Net income allocated to participating securities		—		—		—		—		—		—		—		—
Dividends on Series A convertible preferred stock		(406)		—		(406)		—		(1,218)		—		(1,218)		—
Net loss available to common shareholders	$	(9,006)	$	(4,447)	$	(9,006)	$	(4,447)	$	(44,871)	$	(18,467)	$	(44,871)	$	(18,467)
Basic Weighted-Average Shares Outstanding		16,303		12,107		16,303		12,107		16,238		12,066		16,238		12,066
Dilutive effect of stock options and ESPP						—		—						—		—
Diluted Weighted-Average Shares Outstanding						16,303		12,107						16,238		12,066
Loss per share	$	(0.55)	$	(0.37)	$	(0.55)	$	(0.37)	$	(2.76)	$	(1.53)	$	(2.76)	$	(1.53)