Net Income (Loss) per Share

9 Months Ended

Sep. 30, 2025

Note 10. Net Income (Loss) per Share

The computation of basic net income (loss) per share is based on the weighted-average number of shares of common stock outstanding during each period. The computation of diluted net income (loss) per share is based on the weighted-average number of shares outstanding during the period plus, when their effect is dilutive, incremental shares consisting of shares subject to stock options, restricted stock units, employee stock purchase plan purchase rights and warrants.

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
Numerator:
Net loss	$	(2,044	)	$	(1,440	)	$	(6,648	)	$	(5,101	)
Denominator:
Weighted-average shares outstanding, basic and diluted		12,760,595			12,688,850			12,707,463			12,750,664
Net loss per share, basic and diluted	$	(0.16	)	$	(0.11	)	$	(0.52	)	$	(0.40	)

The following potentially dilutive shares outstanding at the end of the periods presented were excluded in the calculation of diluted net loss per share as the effect would have been anti-dilutive:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Options to purchase common stock		1,751,203		1,760,307		1,751,203		1,760,307
Restricted stock units exercisable and expected to vest		2,358,075		1,011,916		2,358,075		1,011,916
Estimated number of shares issuable under 2017 ESPP		20,152		25,124		20,152		25,124
Total		4,129,430		2,797,347		4,129,430		2,797,347