Net Loss Per Common Share

6 Months Ended

Dec. 31, 2023

Note 11. Net Loss Per Common Share

The Company reports both basic and diluted net loss per share, which is based on the weighted average number of common shares outstanding during the period. A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per common share follows (in thousands, except for per share amounts):


	Three Months Ended December 31,						Six Months Ended December 31,
	2023			2022			2023			2022
Numerator:
Net loss	$	(9,621	)	$	(1,874	)	$	(12,590	)	$	(7,323	)
Denominator:
Weighted average shares outstanding - basic and diluted		97,776			94,567			97,165			94,048
Basic and diluted net loss per share	$	(0.10	)	$	(0.02	)	$	(0.13	)	$	(0.08	)
Anti-dilutive share-based awards, excluded		14,601			14,910			14,601			14,910

The potentially dilutive shares of the Company’s common stock are excluded from the computation of diluted net loss per share when their effect would have been anti‑dilutive. Additionally, the outstanding 3.75% Convertible Notes due 2026 are included in the calculation of diluted net loss per share only if their inclusion is dilutive for periods during which the 3.75% Convertible Notes due 2026 were outstanding. The shares of common stock issuable upon conversion of the outstanding principal amount of the 3.75% Convertible Notes due 2026 as of three and six months ended December 31, 2023 and 2022 totaled approximately 17.1 million shares and were not included in the basic and diluted net loss per common share as the effect of adding the shares were anti-dilutive.