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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2025
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 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. The following table sets forth the computation of basic and diluted net income per common share:

 

 

 

Three Months Ended

March 31,

 

 

 

2025

 

 

2024

 

Net income/(loss) (in thousands) (A)

 

$1,171

 

 

$434

 

 

 

 

 

 

 

 

 

 

Weighted-average share reconciliation:

 

 

 

 

 

 

 

 

Weighted-average basic shares outstanding (B)

 

 

28,024,280

 

 

 

26,314,903

 

Dilutive effect of stock-based awards

 

 

3,068,495

 

 

 

3,827,197

 

Diluted weighted-average outstanding shares of common stock (C)

 

 

31,092,775

 

 

 

30,142,100

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

Basic (A/B)

 

$0.04

 

 

$0.02

 

Diluted (A/C)

 

$0.04

 

 

$0.01

 

 

For the three months ended March 31, 2025 and 2024, 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

March 31,

 

 

 

2025

 

 

2024

 

Stock options

 

 

1,303,571

 

 

 

1,317,937