Net income (loss) from continuing operations per common share

9 Months Ended

Sep. 30, 2025

Net income (loss) from continuing operations per common share

Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock during the reporting period. Diluted earnings per share is calculated using the weighted average number of shares of common stock plus the potentially dilutive effect of common equivalent shares outstanding determined under the treasury stock method. In periods when we have a net loss, common stock equivalents are excluded from our calculation of earnings per share as their inclusion would have an antidilutive effect.

The following table presents computations of basic and diluted earnings per share:


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except share and earnings per share data)	2025		2024		2025		2024
Basic and diluted earnings (loss) per common share
Numerator:
Net income (loss) from continuing operations	$	621	$	(471)	$	(15,665)	$	(9,230)

Denominator:
Weighted-average common shares issued and outstanding - Basic	47,925,038		46,175,345		47,622,196		45,871,715
Effect of dilutive securities	798,497		—		—		—
Weighted-average common shares issued and outstanding - Diluted	48,723,535		46,175,345		47,622,196		45,871,715

Net income (loss) per share from continuing operations
Basic	$	0.01	$	(0.01)	$	(0.33)	$	(0.20)
Diluted	$	0.01	$	(0.01)	$	(0.33)	$	(0.20)

Anti-dilutive shares	67,708		1,350,026		887,495		1,157,568