Loss Per Share

12 Months Ended

Dec. 31, 2023

LOSS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted average number of shares outstanding. Diluted earnings per share is computed by also considering the impact of potential common stock on both net income and the weighted average number of shares outstanding. Our potential common stock consists of employee stock options, restricted stock units and market-based awards. Our potential common stock is excluded from the basic earnings per share calculation and is included in the diluted earnings per share calculation when doing so would not be anti-dilutive. Market-based awards are included in the computation of (diluted earnings per share only to the extent that the underlying conditions (and any applicable market condition) (i) are satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related contingency period and the result would be dilutive under the treasury stock method. When we report a net loss for the period presented, the diluted loss per share calculation does not include our potential common stock, as the inclusion of these shares in the calculation would have an anti-dilutive effect. A reconciliation of the

number of common shares used in the calculation of basic and diluted earnings per share is presented below:


	Years Ended December 31,
	2023		2022		2021
Numerator:
Net loss	$	(56,577)	$	(26,756)	$	(39,964)
Denominator:
Weighted average shares - Basic	18,917,778		18,318,191		18,187,946
Weighted average shares - Diluted	18,917,778		18,318,191		18,187,946
Net loss per share - Basic	$	(2.99)	$	(1.46)	$	(2.20)
Net loss per share - Diluted	$	(2.99)	$	(1.46)	$	(2.20)
Securities excluded from the determination of weighted average shares for the calculation of diluted earnings per share, as they were potentially antidilutive	1,467,919		600,602		395,387