Note 14 - Net Loss Per Share

9 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

14. Net Loss per Share

The calculations of basic and diluted net loss per share and basic and diluted weighted average shares outstanding are as follows for the three and nine months ended June 30, 2024 and 2023 (in thousands, except per share data):

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Loss from continuing operations	$	(6,582	)	$	(2,463	)	$	(159,186	)	$	(15,689	)
Income (loss) from discontinued operations, net of tax		—			993			—			(1,943	)
Net loss		(6,582	)		(1,470	)		(159,186	)		(17,632	)
Weighted average common shares outstanding used in computing basic loss per share		52,963			63,432			54,914			68,494
Weighted average common shares outstanding used in computing diluted loss per share		52,963			63,432			54,914			68,494
Basic net loss per share:
Loss from continuing operations	$	(0.12	)	$	(0.04	)	$	(2.90	)	$	(0.23	)
Income (loss) from discontinued operations, net of tax		—			0.02			—			(0.03	)
Basic net loss per share	$	(0.12	)	$	(0.02	)	$	(2.90	)	$	(0.26	)
Diluted net loss per share:
Loss from continuing operations	$	(0.12	)	$	(0.04	)	$	(2.90	)	$	(0.23	)
Income (loss) from discontinued operations, net of tax		—			0.02			—			(0.03	)
Diluted net loss per share	$	(0.12	)	$	(0.02	)	$	(2.90	)	$	(0.26	)

As a result of incurring a net loss from continuing operations for the three and nine months ended June 30, 2024 and 2023, outstanding restricted stock units and shares issued by the Company under the employee stock purchase plan were excluded from the computation of diluted loss per share as their effect would be antidilutive to earnings per share for continuing operations based on the treasury stock method.