Net Income Per Common Share

12 Months Ended

Dec. 31, 2023

Net Income Per Common Share

Net Income Per Common Share

13. Net Income Per Common Share

The following table sets forth the computation of basic and diluted net income per share (in thousands, except share and per share amounts):

Basic EPS

	Year Ended December 31,
	2023		2022
Numerator:
Net income	$	9,052	$	6,129
Denominator:
Weighted-average shares of common stock outstanding, basic		20,748,302		20,130,336
Net income per common share, basic	$	0.44	$	0.30

Diluted EPS

	Year Ended December 31,
	2023		2022
Numerator:
Net income	$	9,052	$	6,129
Less: warrant liability fair value gain recognized		(25)		(23)
Net income attributable to common stockholders, diluted	$	9,027	$	6,106
Denominator:
Weighted-average shares of common stock outstanding, basic		20,748,302		20,130,336
Dilutive effect of stock options and RSUs		619,002		645,589
Weighted-average shares of common stock outstanding, diluted		21,367,304		20,775,925
Net income per common share, diluted	$	0.42	$	0.29

The following outstanding shares of potentially dilutive securities outstanding have been excluded from the computation of diluted net income per common share for the periods presented as their inclusion would be anti-dilutive:

	Year Ended December 31,
	2023	2022
Options to purchase common stock	613,652	841,845
RSUs	330,082	4,147
Common stock warrants	18,461	18,461
ESPP	—	—
Total	962,195	864,453