Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2022

Net Income (Loss) Per Common Share

Computation of basic net income (loss) per share

The following tables set forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except share and per share amounts):

Basic EPS

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income	$	1,907	$	880	$	5,513	$	676
Denominator:
Weighted-average shares of common stock outstanding, basic		20,206,728		19,511,132		20,058,744		19,296,241
Net income per common share, basic	$	0.09	$	0.05	$	0.27	$	0.03

Computation of diluted net income (loss) per share

The following tables set forth the computation of basic and diluted net income per share attributable to common stockholders (in thousands, except share and per share amounts):

Diluted EPS

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income	$	1,907	$	880	$	5,513	$	676
Less: warrant liability fair value gain recognized		—		—		(21)		—
Net income attributable to common stockholders, diluted		1,907		880	$	5,492	$	676
Denominator:
Weighted-average shares of common stock outstanding, basic		20,206,728		19,511,132		20,058,744		19,296,241
Dilutive effect of stock options and RSUs		332,336		401,786		640,070		491,648
Weighted-average shares of common stock outstanding, diluted		20,539,064		19,912,918		20,698,814		19,787,889
Net income per common share, diluted	$	0.09	$	0.04	$	0.27	$	0.03