3. NET LOSS PER COMMON SHARE

6 Months Ended

Sep. 30, 2022

NET LOSS PER COMMON SHARE

NOTE 3 - NET LOSS PER COMMON SHARE

NOTE 3—NET LOSS PER COMMON SHARE

The Company uses the treasury stock method to calculate the weighted average shares used in computing diluted net loss per share. The following table sets forth the computation of basic and diluted net loss per share:

	Three Months Ended September 30,				Six Months Ended September 30,
	2022		2021		2022		2021
	(In thousands, except per share amounts)				(In thousands, except per share amounts)
Net loss	$	(3,228)	$	(4,567)	$	(7,204)	$	(8,776)
Denominators:
Weighted average shares—Basic		24,554		24,229		24,538		24,162
Dilutive effect of employee stock options		—		—		—		—
Dilutive effect of employee stock purchase plan options		—		—		—		—
Weighted average shares—Dilutive		24,554		24,229		24,538		24,162
Net loss per common share—Basic	$	(0.13)	$	(0.19)	$	(0.29)	$	(0.36)
Net loss per common share—Diluted	$	(0.13)	$	(0.19)	$	(0.29)	$	(0.36)

The following shares of common stock underlying outstanding stock options, determined on a weighted average basis, were excluded from the computation of diluted net loss per share as they had an anti-dilutive effect:

	Three Months Ended September 30,		Six Months Ended September 30,
	2022	2021	2022	2021
	(In thousands)		(In thousands)
Shares underlying options and ESPP shares	8,277	6,266	8,204	5,828