Net Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

Net Income 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income	$	3,885	$	1,671	$	4,646	$	3,606
Denominator:
Weighted-average shares of common stock outstanding, basic		20,657,404		20,069,444		20,554,769		19,983,526
Net income per common share, basic	$	0.19	$	0.08	$	0.23	$	0.18

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net income	$	3,885	$	1,671	$	4,646	$	3,606
Less: warrant liability fair value loss (gain) recognized		—		(11)		23		(21)
Net income attributable to common stockholders, diluted		3,885		1,660	$	4,669	$	3,585
Denominator:
Weighted-average shares of common stock outstanding, basic		20,657,404		20,069,444		20,554,769		19,983,526
Dilutive effect of stock options and RSUs		576,849		354,839		513,290		643,021
Weighted-average shares of common stock outstanding, diluted		21,234,253		20,424,283		21,068,059		20,626,547
Net income per common share, diluted	$	0.18	$	0.08	$	0.22	$	0.17