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3. NET LOSS PER COMMON SHARE | 12 Months Ended
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Mar. 31, 2025
NET LOSS PER COMMON SHARE |
NOTE 3 - NET LOSS PER COMMON SHARE | NOTE 3—NET LOSS PER COMMON SHARE The Company uses the treasury stock method to calculate the weighted average shares used in computing diluted net loss per share. The following table sets forth the computation of basic and diluted net loss per share: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended March 31, | ​
​ | ​ | 2025 |  | 2024 |  | 2023 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | (In thousands, except per share amounts) | ​
Net loss | ​ | $ | (10,639) |  | $ | (20,087) | ​ | $ | (15,977) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominators: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares—Basic | ​ |  | 25,498 | ​ | ​ | 25,144 | ​ | ​ | 24,595 | ​
Dilutive effect of employee stock options | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​
Dilutive effect of employee stock purchase plan options | ​ |  | — | ​ | ​ | — | ​ | ​ | — | ​
Weighted average shares—Dilutive | ​ |  | 25,498 | ​ |  | 25,144 | ​ |  | 24,595 | ​
Net loss per common share—Basic | ​ | $ | (0.42) |  | $ | (0.80) | ​ | $ | (0.65) | ​
Net loss per common share—Diluted | ​ | $ | (0.42) |  | $ | (0.80) | ​ | $ | (0.65) | ​
​ The following shares of common stock (determined on a weighted average basis) were excluded from the computation of diluted net loss per common share as they had an anti-dilutive effect: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended March 31, | ​
​ |  | 2025 |  | 2024 |  | 2023 |
​ | ​ | (In thousands) | ​
Shares underlying options and ESPP shares | ​ | 7,551 | ​ | 7,930 | ​ | 8,531 | ​
​

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