Net Loss Per Common Share

9 Months Ended

Mar. 31, 2025

Note 10. Net Loss Per Common Share

Basic earnings per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period. Dilutive potential common shares include outstanding share awards. A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per common share is as follows (in thousands, except for per share amounts):


	Three Months Ended March 31,						Nine Months Ended March 31,
	2025			2024			2025			2024
Numerator:
Net loss	$	(1,297	)	$	(6,342	)	$	(2,714	)	$	(18,932	)
Denominator:
Weighted average shares outstanding - basic and diluted		102,825			99,197			101,462			97,838
Basic and diluted net loss per share	$	(0.01	)	$	(0.06	)	$	(0.03	)	$	(0.19	)
Anti-dilutive share-based awards, excluded		12,812			14,514			12,812			14,514

The potentially dilutive shares of the Company’s common stock are excluded from the computation of diluted net income (loss) per share when their effect would have been anti‑dilutive. Additionally, the outstanding 3.75% Convertible Notes due June 2026 are included in the calculation of diluted net income (loss) per share only if their inclusion is dilutive for periods during which the 3.75% Convertible Notes due June 2026 were outstanding. The shares of common stock issuable upon conversion of the outstanding principal amount of the 3.75% Convertible Notes due June 2026 as of three and nine months ended March 31, 2025 and 2024 totaled approximately 17.1 million shares and were not included in the basic and diluted net income (loss) per common share as the effect of adding the shares were anti-dilutive.