Net Income Per Common Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Net income	$	2,438	$	1,907	$	7,084	$	5,513
Denominator:
Weighted-average shares of common stock outstanding, basic		20,848,558		20,206,728		20,653,775		20,058,744
Net income per common share, basic	$	0.12	$	0.09	$	0.34	$	0.27

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,
	2023		2022		2023		2022
Numerator:
Net income	$	2,438	$	1,907	$	7,084	$	5,513
Less: warrant liability fair value loss (gain) recognized		(48)		—		(25)		(21)
Net income attributable to common stockholders, diluted	$	2,390	$	1,907	$	7,059	$	5,492
Denominator:
Weighted-average shares of common stock outstanding, basic		20,848,558		20,206,728		20,653,775		20,058,744
Dilutive effect of stock options and RSUs		980,231		332,336		623,129		640,070
Weighted-average shares of common stock outstanding, diluted		21,828,789		20,539,064		21,276,904		20,698,814
Net income per common share, diluted	$	0.11	$	0.09	$	0.33	$	0.27