INCOME (LOSS) PER COMMON SHARE

3 Months Ended

Mar. 31, 2024

LOSS PER COMMON SHARE

Basic loss per common share has been computed by dividing net loss by the weighted-average number of shares of the Company’s common stock outstanding during the relevant period. Diluted loss per common share adjusts net loss and basic loss per common share for the effect of all potentially dilutive shares of the Company’s common stock. Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method.

The calculations of basic and diluted loss per common share for the three months ended March 31, 2024 and 2023 are as follows:


	Three Months Ended March 31,
	2024		2023
	(in thousands, except per share amounts)
Net loss – Basic and Diluted	$	(6,260)	$	(8,805)
Weighted-average shares outstanding – Basic	21,377		21,225
Effect of dilutive securities:
Stock options and other stock awards	—		—
Weighted-average shares outstanding – Diluted	21,377		21,225
Basic loss per common share	$	(0.29)	$	(0.41)
Diluted loss per common share	$	(0.29)	$	(0.41)
Antidilutive Securities(1)	1,605		1,581

(1) Stock options and other stock awards that have been excluded from the denominator as their inclusion would have been anti-dilutive.