Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2025

Note 8: Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net earnings (loss) by the weighted-average number of shares of common stock outstanding. Diluted earnings (loss) per share includes the effects of potentially dilutive shares of common stock, if dilutive. Potentially dilutive effects include the exercise of warrants, contingently issuable shares, and share-based compensation. On July 31, 2024, all of the Company’s stock purchase warrants expired and were unexercised. Our potentially dilutive shares aggregated 5.5 million and 31.4 million for the three months ended March 31, 2025 and 2024, respectively, and were not included in the computation of diluted earnings (loss) per share because the impact would have been anti-dilutive.

The following tables set forth the computation of basic and dilutive earnings (loss) per share:


	Three Months Ended March 31, 2025					Three Months Ended March 31, 2024
(in $000s, except per share data)	Net Income (Loss)		Weighted Average Shares	Per Share Amount		Net Income (Loss)		Weighted Average Shares	Per Share Amount
Basic earnings (loss) per share	$	(17,791)	228,276	$	(0.08)	$	(14,335)	240,364	$	(0.06)
Dilutive common share equivalents	—		—	—		—		—	—
Diluted earnings (loss) per share	$	(17,791)	228,276	$	(0.08)	$	(14,335)	240,364	$	(0.06)