EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2026

Basic and diluted earnings (loss) per share are computed based on the weighted-average number of shares of the Company’s common stock outstanding during the respective periods. Diluted earnings (loss) per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted, using the treasury stock method for stock options, restricted stock units (“RSUs”), and other potentially dilutive instruments. For RSUs, the assumed proceeds under the treasury stock method include the amount of unrecognized compensation cost. Potential common shares are excluded from the diluted per share calculation when their effect is anti-dilutive, including in periods of net loss or when inclusion does not result in a decrease in earnings per share.

For the three months ended March 31, 2026, and 2025, the components of basic and diluted net (loss) income per share were as follows:


(in thousands except per share amounts)	Three Months Ended March 31,
		2026		2025

Numerator — basic and diluted EPS:
Net (loss) income		$	(1,328)	$	319
Denominator — basic and diluted EPS:
Weighted–average shares		58,949		57,132
Net (loss) income per share — basic and diluted		$	(0.02)	$	0.01

The following table summarizes common shares issuable for stock options and restricted stock units as of March 31, 2026, and for warrants, stock options, and restricted stock units as of March 31, 2025. For the three months ended March 31, 2026, and 2025, these share equivalents were excluded from the calculation of diluted net (loss) income per share as their inclusion would have been anti-dilutive.


	Three Months Ended March 31,
(in thousands)		2026	2025


Options		27	27
Restricted stock units		3,307	2,227
Warrants		—	6,730
Total		3,334	8,984