Net Loss Per Share

6 Months Ended

Jun. 30, 2023

Note 10. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share of common stock attributable to common stockholders:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2023			2022			2023			2022
	(in thousands, except per-share data)
Net loss	$	(15,920	)	$	(17,826	)	$	(22,625	)	$	(24,302	)

Weighted average common shares outstanding — Basic		17,156			16,500			16,869			16,348
Plus incremental shares from assumed conversions:
Dilutive effect of restricted stock		—			—			—			—
Dilutive effect of stock options		—			—			—			—
Dilutive effect of warrants		—			—			—			—
Weighted average common shares outstanding — Diluted		17,156			16,500			16,869			16,348
Net loss per share:
Basic	$	(0.93	)	$	(1.08	)	$	(1.34	)	$	(1.49	)
Diluted	$	(0.93	)	$	(1.08	)	$	(1.34	)	$	(1.49	)

Incremental shares from stock options and restricted stock awards are computed using the treasury stock method. The weighted average shares listed below were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive for the periods presented or were otherwise excluded under the treasury stock method. The treasury stock method calculates dilution assuming the exercise of all in-the-money options and vesting of restricted stock, reduced by the repurchase of shares with the proceeds from the assumed exercises and unrecognized compensation expense for outstanding awards.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
	(in thousands)
Stock options		1,363		1,655		1,384		1,672
Unvested restricted stock awards		908		963		860		915
Warrants		550		550		550		550
Total		2,821		3,168		2,794		3,137