NET INCOME (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2024

NET INCOME (LOSS) PER SHARE:

NET INCOME (LOSS) PER SHARE

11. 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,
	2024		2023		2022
Numerator:
Net income (loss)	$	4,057	$	3,105	$	(3,429)
Denominator:
Basic weighted average common shares outstanding		38,602		38,015		37,309
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		39,047		38,937		37,309
Net income (loss) per share:
Basic	$	0.11	$	0.08	$	(0.09)
Diluted	$	0.10	$	0.08	$	(0.09)

For the year ended December 31, 2022, 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 indicated (in thousands):

	Year Ended December 31,
	2024	2023	2022
Non-vested restricted stock units	843	351	787
Outstanding stock options	—	—	56
Shares issuable under employee stock purchase plan	69	—	84
Total	912	351	927