Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2025

Basic earnings (loss) per share (“EPS”) is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of shares of common stock outstanding during each period. Diluted EPS is calculated using net income (loss) available to common stockholders divided by diluted weighted-average shares of common stock outstanding during each period. Potentially dilutive securities include shares of common stock underlying stock options, warrants and RSUs. Diluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.

The following table sets forth the computations of basic and diluted EPS (in thousands, except share and per share data):


	Fiscal Quarter Ended				Three Fiscal Quarters Ended
	September 30, 2025		October 1, 2024		September 30, 2025		October 1, 2024
Net loss	$	(9,151)	$	(6,755)	$	(35,760)	$	(26,520)
Shares:
Basic weighted average shares outstanding	46,458,845		45,639,662		46,134,976		45,389,989
Effect of dilutive securities	—		—		—		—
Diluted weighted average shares outstanding	46,458,845		45,639,662		46,134,976		45,389,989
Loss per share
Basic and diluted loss per share	$	(0.20)	$	(0.15)	$	(0.78)	$	(0.58)

The Company computes the effect of dilutive securities using the treasury stock method and average market prices during the period. Potential common shares are excluded from the computation of diluted loss per share when the effect would be anti-dilutive. The shares issuable on the vesting or exercise of share-based awards that were excluded from the calculation of diluted loss per share because the effect of their inclusion would have been anti-dilutive totaled 4,456,817 and 4,035,933 for the third quarter of 2025 and 2024, and totaled 4,227,031 and 3,743,581 for the first three quarters of 2025 and 2024, respectively.