EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

The Company calculates basic earnings per share by dividing the net income (loss) by the weighted average number of shares of common stock outstanding for the period. The diluted earnings (loss) per share is computed by assuming the exercise, settlement, and vesting of all potential dilutive common stock equivalents outstanding for the period using the treasury stock method.

The following table sets forth a reconciliation of the numerator and denominator used to compute basic earnings and diluted per share of common stock (In thousands, except per share data):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Numerator
Net loss from continuing operations	$	(5,505)	$	(9,753)	$	(9,543)	$	(18,595)
(Loss) Income from discontinued operations, net of tax	(63)		(289)		31		382
Net loss	$	(5,568)	$	(10,042)	$	(9,512)	$	(18,213)
Denominator
Basic weighted average shares outstanding	9,966		6,399		9,730		5,874
Effect of dilutive securities	—		—		—		—

Diluted weighted average shares outstanding	9,966		6,399		9,730		5,874

Net (loss) income per share, basic and diluted:
Net loss per share from continuing operations, basic and diluted	$	(0.55)	$	(1.52)	$	(0.98)	$	(3.17)
(Loss) income per share from discontinued operations, basic and diluted	(0.01)		(0.05)		0.00		0.07
Net loss per share, basic and diluted	$	(0.56)	$	(1.57)	$	(0.98)	$	(3.10)

For the three and six months ended June 30, 2024 and 2023, because the Company was in a loss position, basic net loss per share is the same as diluted net loss per share, as the inclusion of the potential common shares would have been anti-dilutive.

The following table sets forth potential shares of common stock that are not included in the diluted net loss per share calculation because to do so would be anti-dilutive for the period indicated (in thousands):


Anti-dilutive securities	June 30, 2024	June 30, 2023
Restricted stock units	149	12
Common shares issuable upon exercise of stock options	483	363
Common shares issuable upon exercise of warrants	1,441	—
Total	2,073	375