Net Income Per Common Share

12 Months Ended

Dec. 31, 2024

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,
	2024		2023
Numerator:
Net income	$	781	$	9,052
Denominator:
Weighted-average shares of common stock outstanding, basic		21,642,793		20,748,302
Net income per common share, basic	$	0.04	$	0.44

Diluted EPS

	Year Ended December 31,
	2024		2023
Numerator:
Net income	$	781	$	9,052
Warrant liability fair value loss recognized		—		(25)
Net income attributable to common stockholders, diluted	$	781	$	9,027
Denominator:
Weighted-average shares of common stock outstanding, basic		21,642,793		20,748,302
Dilutive effect of stock options and RSUs		513,627		619,002
Weighted-average shares of common stock outstanding, diluted		22,156,420		21,367,304
Net income per common share, diluted	$	0.04	$	0.42

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,
	2024	2023
Options to purchase common stock	741,141	613,652
RSUs	21,624	330,082
Common stock warrants	—	18,461
Total	762,765	962,195