Net (Loss) Income Per Common Share

3 Months Ended

Mar. 31, 2025

Net (Loss) Income Per Common Share

Net (Loss) Income Per Common Share

8. Net (Loss) Income Per Common Share

Basic net (loss) income per common share is calculated by dividing the net (loss) income by the weighted-average number of shares of common stock outstanding for the period less shares subject to repurchase, without consideration of potentially dilutive securities. Diluted earnings per share is calculated using the treasury stock method by dividing net (loss) income by the total weighted average shares of common stock outstanding in addition to the potential impact of dilutive securities including restricted stock units, warrants, and options. In periods with a net loss, potentially dilutive securities are excluded from the Company’s calculation of earnings per share as their inclusion would have an antidilutive effect.

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

Basic and diluted EPS

	Three Months Ended March 31,
	2025		2024
Numerator:
Net loss	$	(1,166)	$	(202)
Net income attributable to common stockholders, diluted	$	(1,166)	$	(202)
Denominator:
Weighted-average shares of common stock outstanding, basic		22,188,114		21,252,359
Weighted-average shares of common stock outstanding, diluted		22,188,114		21,252,359
Net loss per common share, diluted	$	(0.05)	$	(0.01)

Potentially dilutive securities representing 1.8 million and 1.5 million stock options and RSUs that were outstanding during the three months ended March 31, 2025, and 2024, respectively, were excluded from the computation of diluted earnings per common share during these periods as their inclusion would have an antidilutive effect.