Net Loss Per Common Share

3 Months Ended

Sep. 30, 2025

Note 15. Net Loss Per Common Share

Basic net loss per common share is calculated by dividing net loss attributable to the Company by the weighted average number of common shares outstanding during the periods presented. Diluted net loss per common share is calculated by dividing diluted net loss attributable to the Company by the weighted average number of common shares outstanding adjusted to include the effect, if dilutive, of the exercise of in-the-money stock options, unvested performance-based restricted stock units, and RSUs, during the periods presented. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such option’s exercise prices were greater than the average market price of our common shares for the period). Potentially dilutive securities include unvested RSUs and performance-based restricted stock units. For the three months ended September 30, 2025, shares of the Company’s outstanding stock options were not included in the computation of diluted loss per common share as their effects were anti-dilutive.

The following table presents the computation of basic and diluted net earnings loss per common share:


	Three Months Ended September 30,
(In thousands, except share and per share amounts)		2025		2024
Net loss from operations available to common stockholders		$	(4,025)	$	(5,002)








Weighted average common shares outstanding - basic and diluted		21,593,843		21,263,245


Net loss per common share available to stockholders—basic and diluted		$	(0.19)	$	(0.24)