Earnings Per Share

12 Months Ended

Dec. 31, 2024

Note 12 – Earnings Per Share

As a result of the Stock Split and Mergers discussed in Note 1 – Nature of Operations and Basis of Presentation, all historical per share data, number of shares and numbers of equity awards were retroactively adjusted. The following table provides the computation of basic and diluted earnings per share:


	December 31,
(in thousands, except share and per share data)	2024		2023		2022
Basic income per share:
Net income (loss)	$	(7,332)	$	(8,967)	$	7,406
Basic weighted average shares outstanding	46,811,354		44,868,862		34,291,870
Basic income (loss) per share of common stock	$	(0.16)	$	(0.20)	$	0.22

Diluted income per share:
Net income (loss)	$	(7,332)	$	(8,967)	$	7,406
Basic weighted average shares outstanding	46,811,354		44,868,862		34,291,870
Effect of dilutive securities	—		—		794,722





Diluted weighted average shares outstanding	46,811,354		44,868,862		35,086,592
Diluted income (loss) per share of common stock	$	(0.16)	$	(0.20)	$	0.21
Anti-dilutive securities excluded from the calculation of diluted income per share	810,397		424,934		496,000