Net Loss per Common Share

6 Months Ended

Jun. 30, 2025

Note 10. Net Loss per Common Share

Basic net loss per common share is computed by dividing net loss available to common stockholders during the period by the weighted average number of common shares outstanding during that period. Diluted net loss per common share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock or the if-converted method of accounting. Dilutive potential common share equivalents are excluded from the computation of net loss per share in loss periods, as their effect would be anti-dilutive.


	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Net loss from continuing operations	$	(6,042	)	$	(6,923	)	$	(10,831	)	$	(12,305	)
Net income from discontinued operations, net of tax		—			707			—			1,531
Net loss		(6,042	)		(6,216	)		(10,831	)		(10,774	)
Less: accretion of Series B convertible preferred stock dividends		(205	)		(233	)		(410	)		(481	)
Net loss available to common stockholders	$	(6,247	)	$	(6,449	)	$	(11,241	)	$	(11,255	)

Weighted average common shares outstanding - basic		23,760			23,459			23,679			23,413
Effect of dilutive potential common shares		—			—			—			—
Weighted average common shares outstanding - diluted		23,760			23,459			23,679			23,413

Basic and diluted net income (loss) per common share:
Continuing operations	$	(0.26	)	$	(0.31	)	$	(0.47	)	$	(0.55	)
Discontinued operations, net of tax	$	—		$	0.03		$	—		$	0.07
Net loss per common share	$	(0.26	)	$	(0.27	)	$	(0.47	)	$	(0.48	)

The following common stock equivalents have been excluded from diluted net loss per share for the three and six months ended June 30, 2025 and 2024 because their inclusion would have been anti-dilutive (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Shares of common stock subject to outstanding RSUs		677		1,100		677		1,100
Shares of common stock subject to outstanding PSUs		333		—		333		—
Shares of common stock subject to outstanding stock options		444		485		444		485
Shares of common stock issuable upon conversion of Series B convertible preferred stock		6,971		6,767		6,971		6,767
Total		8,425		8,352		8,425		8,352