Note 12 - Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

12. NET INCOME (LOSS) PER SHARE

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share (in thousands, except per share amount):

	Year Ended December 31,
	2025			2024		2023
Numerator:
Net income (loss)	$	(640	)	$	4,057	$	3,105
Denominator:
Basic weighted average common shares outstanding		39,317			38,602		38,015
Effect of dilutive stock options, unvested restricted stock units, and shares of common stock expected to be issued under employee stock purchase plan		—			445		922
Diluted weighted average common shares outstanding		39,317			39,047		38,937
Net income (loss) per share:
Basic	$	(0.02	)	$	0.11	$	0.08
Diluted	$	(0.02	)	$	0.10	$	0.08

For the year ended December 31, 2025, because the Company was in a loss position, basic net loss per share was the same as diluted net loss per share as the inclusion of the potential common shares would have been anti-dilutive.

The following table summarizes the potential shares of common stock that are not included in the diluted net income (loss) per share calculation above because to do so would be anti-dilutive for the periods presented (in thousands):

	Year Ended December 31,
	2025		2024		2023
Non-vested restricted stock units		2,005		843		351
Outstanding stock options		20		—		—
Shares issuable under employee stock purchase plan		71		69		—
Total		2,096		912		351