Basic and Diluted Net Income (Loss) Per Share

6 Months Ended

Jul. 31, 2022

Basic and Diluted Net Income (Loss) Per Share

Note 10: Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share of common stock (in thousands, except share and per share data):


	Three Months Ended				Six Months Ended
	July 31, 2022		July 31, 2021		July 31, 2022		July 31, 2021
Numerator
Net income (loss)	$	338	$	(439)	$	(428)	$	(1,326)
Denominator
Basic weighted average common shares		24,388,275		23,359,715		24,254,465		23,209,151
Potentially dilutive shares from equity plans		485,489		—		—		—
Diluted weighted-average common shares		24,873,764		23,359,715		24,254,465		23,209,151

Basic and diluted net income (loss) per share	$	0.01	$	(0.02)	$	(0.02)	$	(0.06)

Potentially dilutive securities of approximately 0.7 million for the six months ended July 31, 2022 and approximately 1.4 million and 1.3 million for the three and six months ended July 31, 2021, respectively, were excluded from the computation of diluted net loss per share as their inclusion would have been anti-dilutive. These shares included the Company’s outstanding RSUs, outstanding stock options and stock purchase rights under the ESPP at the end of the respective period.