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Earnings Per Common Share

9 Months Ended

Sep. 30, 2024

Earnings per common share:

Earnings Per Common Share

3. Earnings Per Common Share

Basic net income/(loss) per common share is computed by dividing the net income/(loss) for the period by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed giving effect to all dilutive common stock equivalents, consisting of common stock options. Diluted net loss per common share for the nine months ended September 30, 2023 is the same as basic net loss per common share because the common share equivalents were anti-dilutive due to the net loss. The following table sets forth the computation of basic and diluted net income/(loss) per common share:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Net income/(loss) (in thousands) (A)		$	148			$	1,704			$	1,170			$	(423	)
Weighted-average share reconciliation:
Weighted-average basic shares outstanding (B)			26,848,644				25,995,507				26,610,130				25,901,686
Dilutive effect of stock-based awards			3,008,617				1,687,258				3,217,402				-
Diluted weighted-average outstanding shares of common stock (C)			29,857,261				27,682,765				29,827,532				25,901,686
Earnings per common share:
Basic (A/B)		$	0.01			$	0.07			$	0.04			$	(0.02	)
Diluted (A/C)		$	0.00			$	0.06			$	0.04			$	(0.02	)

For the three and nine months ended September 30, 2024 and 2023, the following potentially dilutive common stock, including awards granted under our equity incentive compensation plans, were excluded from the computation of diluted net income per share because including them would be anti-dilutive:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Stock options			2,871,939				4,708,364				2,775,229				4,582,503

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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