Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2024

Note 11. Net Income (Loss) Per Share

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


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
	(in thousands, except per-share data)
Net income (loss)	$	(7,524	)	$	(15,920	)	$	(7,369	)	$	(22,625	)

Weighted average common shares outstanding — Basic		21,252			17,156			19,795			16,869
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		21,252			17,156			19,795			16,869
Net income (loss) per share:
Basic	$	(0.35	)	$	(0.93	)	$	(0.37	)	$	(1.34	)
Diluted	$	(0.35	)	$	(0.93	)	$	(0.37	)	$	(1.34	)

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,
	2024		2023		2024		2023
	(in thousands)
Stock options		782		1,363		820		1,384
Unvested restricted stock awards		646		908		676		860
Warrants		550		550		550		550
Total		1,978		2,821		2,046		2,794