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Note 2 - Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

2.	Earnings (Loss) per Share

Basic earnings (loss) per share (EPS) is calculated by dividing net income (loss) by the number of weighted average shares of common stock outstanding during the period. The calculation of diluted earnings per share assumes conversion of stock options and restricted stock units into common stock using the treasury method unless the effect is antidilutive.

The following table summarizes the calculation of basic and diluted net loss per share of common stock:

		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands, except per share data)		2024				2023				2024				2023
Net loss		$	(4,802	)		$	(1,239	)		$	(12,423	)		$	(1,597	)
Weighted average shares outstanding - basic			43,614				42,688				43,499				42,345
Dilutive effect of equity awards			-				-				-				-
Weighted average shares outstanding - diluted			43,614				42,688				43,499				42,345
Basic loss per share		$	(0.11	)		$	(0.03	)		$	(0.29	)		$	(0.04	)
Diluted loss per share		$	(0.11	)		$	(0.03	)		$	(0.29	)		$	(0.04	)
Shares excluded from diluted loss per share due to their anti-dilutive effect			3,988				3,952				3,730				3,847