Net Loss Per Share

9 Months Ended

Jan. 26, 2025

13. Net Loss Per Share

Basic net loss per share is computed using the weighted-average number of shares outstanding during the period. Diluted net loss per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method.

Weighted average shares used in the computation of basic and diluted net loss per share were 12,559,000 and 12,470,000 for the three months ended January 26, 2025, and January 28, 2024, respectively.

Shares of unvested common stock that were not included in the computation of diluted net loss per share consist of the following:


	Three Months Ended
(in thousands)	January 26, 2025		January 28, 2024
Antidilutive effect from decrease in the price per share of our common stock		—	15
Antidilutive effect from net loss incurred during the fiscal quarter	123		81
Total unvested shares of common stock not included in
computation of diluted net loss per share		123		96

Weighted average shares used in the computation of basic and diluted net loss per share were 12,514,000 and 12,419,000 for the nine months ending January 26, 2025, and January 28, 2024, respectively.

Shares of unvested common stock that were not included in the computation of diluted net loss per share consist of the following:


	Nine months ended
(in thousands)	January 26, 2025		January 28, 2024
antidilutive effect from decrease in the price per share of our common stock		—	4
antidilutive effect from net loss incurred during the fiscal year	135		126
total unvested shares of common stock not included in
computation of diluted net loss per share		135		130