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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2024
NET INCOME (LOSS) PER SHARE  
NET INCOME (LOSS) PER SHARE

8. NET INCOME (LOSS) PER SHARE

Basic (loss) income per share is computed by dividing the net (loss) income by the weighted average shares outstanding. Diluted (loss) income per share is computed by dividing the net (loss) income by the weighted average diluted shares outstanding.

A $0.32 per share special cash dividend on the Company’s common stock was declared on March 28, 2024, and paid on May 6, 2024 to stockholders of record as of the close of business on April 22, 2024. The aggregate payment was approximately $9.9 million.

The computation of basic and diluted loss per share (in thousands, except share and per share data) was as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

​

    

2024

    

2023

    

2024

    

2023

 

Net loss

​

$

(5,617)

​

$

(5,198)

​

$

(3,317)

​

$

(10,041)

​

Weighted average common shares outstanding

​

 

​

​

 

​

​

​

​

​

​

​

​

Basic

​

​

30,906,777

​

​

26,137,648

​

 

30,845,076

​

 

25,383,757

​

Dilutive common stock options, restricted stock unit awards and restricted stock awards

​

​

—

​

​

—

​

​

—

​

​

—

​

Diluted

​

​

30,906,777

​

​

26,137,648

​

​

30,845,076

​

​

25,383,757

​

Basic loss per share of common stock

​

$

(0.18)

​

$

(0.20)

​

$

(0.11)

​

$

(0.40)

​

Diluted loss per share of common stock

​

$

(0.18)

​

$

(0.20)

​

$

(0.11)

​

$

(0.40)

​

​

The Company had a net loss for the three and nine months ended September 30, 2024, and 2023, respectively. As a result, all stock options, restricted stock unit awards and restricted stock awards were anti-dilutive and excluded from weighted average shares used in determining the diluted loss per share of common stock for those periods.

The following weighted average numbers of stock options, restricted stock unit awards and restricted stock awards have been excluded from the calculation of diluted loss per share of common stock, as their effect would be anti-dilutive for the three and nine months ended September 30, 2024 and 2023:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended September 30, 

​

    

Nine Months Ended September 30, 

​

​

    

2024

    

2023

​

    

2024

    

2023

​

Restricted stock units

​

​

94,532

​

​

—

​

​

​

32,799

​

​

—

​

Convertible Note

​

​

—

​

​

4,674,680

​

​

​

—

​

​

3,682,913

​

Total

​

​

94,532

​

​

4,674,680

​

​

​

32,799

​

​

3,682,913

​

​