Note 14 - Net Loss Per Share

3 Months Ended

Dec. 31, 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 months ended December 31, 2024 and 2023 (in thousands, except per share data):

	Three Months Ended
	December 31,
	2024			2023
Loss from continuing operations	$	(9,421	)	$	(7,192	)
Loss from discontinued operations, net of tax		(3,919	)		(8,532	)
Net loss		(13,340	)		(15,724	)
Weighted average common shares outstanding used in computing basic loss per share		45,626			56,709
Weighted average common shares outstanding used in computing diluted loss per share		45,626			56,709
Basic net loss per share:
Loss from continuing operations	$	(0.21	)	$	(0.13	)
Loss from discontinued operations, net of tax		(0.09	)		(0.15	)
Basic net loss per share	$	(0.29	)	$	(0.28	)
Diluted net loss per share:
Loss from continuing operations	$	(0.21	)	$	(0.13	)
Loss from discontinued operations, net of tax		(0.09	)		(0.15	)
Diluted net loss per share	$	(0.29	)	$	(0.28	)

As a result of incurring a net loss from continuing operations for the three months ended December 31, 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. The following table contains all potentially dilutive common stock equivalents for the three months ended December 31, 2024 and 2023.

	Three Months Ended December 31,
	2024	2023
Time-based restricted stock units	87,117	62,983
Performance-based restricted stock units	—	23,671
Employee stock purchase plan	—	6,451
	87,117	93,105