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3. NET LOSS PER COMMON SHARE

12 Months Ended

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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- 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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