Note 18 - Net Income (Loss) per Share

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

18. Net Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing total net income (loss) by the weighted average common shares outstanding for the period. In computing diluted net income (loss) per share, the Company adjusts the denominator, subject to anti-dilution requirements, to include the dilution from potential shares of common stock resulting from outstanding share-based payment awards and warrants.

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
	(in thousands, except per share amounts)
Net income (loss) per share available to common stockholders, excluding sponsor earn-out stockholders
Numerator:
Net income (loss)	$	2,893		$	(12,938	)	$	6,459		$	(14,892	)
Net (income) loss attributable to noncontrolling interest		(195	)		129			(321	)		367
Total net income (loss) available to common stockholders	$	2,698		$	(12,809	)	$	6,138		$	(14,525	)
Denominator:
Weighted average common shares outstanding		205,068			182,804			201,516			182,150
Effect of dilutive securities
Stock options		16,553			—			16,679			—
RSUs		5,618			—			5,957			—
Warrants		1,940			—			2,799			—
Weighted average diluted shares		229,179			182,804			226,951			182,150
Basic net income (loss) per share available to common stockholders, excluding sponsor earn-out stockholders	$	0.01		$	(0.07	)	$	0.03		$	(0.08	)
Diluted net income (loss) per share available to common stockholders, excluding sponsor earn-out stockholders	$	0.01		$	(0.07	)	$	0.03		$	(0.08	)

The below table includes the total potentially dilutive securities for the three and six months ended June 30, 2025 and 2024, which have been excluded from the computation of diluted net income (loss) per share as their effect is anti-dilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(in thousands)
Stock options		82		25,313		53		25,313
RSUs		2		11,421		1		11,421
Warrants		—		17,905		—		17,905
Earn-out shares		—		3,000		—		3,000
Total		84		57,639		54		57,639