Computation of Basic and Diluted Net Loss Per Share

9 Months Ended

Sep. 27, 2025

Computation of Basic and Diluted Net Loss Per Share

12. Computation of Basic and Diluted Net Loss Per Share

Basic and diluted net loss per share is based upon the weighted average number of common shares outstanding during the period. Common stock equivalents consist of incremental common shares issuable upon the exercise of stock options, and the release (vesting) of RSUs and awards and are calculated under the treasury stock method. Common stock equivalent shares from unexercised stock options, and unvested RSUs and awards are excluded from the computation for periods in which the Company incurs a net loss or if the exercise price of such options is greater than the average market price of our common stock for the period as their effect would be anti-dilutive. Common stock equivalents consist of incremental common shares issuable upon conversion of convertible debt and preferred shares are calculated under the if-converted method. Common stock equivalent shares from convertible debt and preferred shares are excluded from the computation for periods in which the Company incurs a net loss or if their effect would be anti-dilutive.

For the three months ended September 27, 2025 and September 28, 2024, potential shares from stock options and RSUs totaling 2,858,889 and 2,640,263 shares, respectively, were excluded from the computation of diluted weighted average shares outstanding. For the nine months ended September 27, 2025 and September 28, 2024, potential shares from stock options and RSUs totaling 2,485,995 and 2,800,477 shares, respectively, were excluded from the computation of diluted weighted average shares outstanding.

For both the three and nine months ended September 27, 2025 and September 28, 2024, potential shares from the conversion of convertible debt and preferred stock totaling 5,000,000 and 0, respectively, were excluded from the computation of diluted weighted average shares outstanding.

A reconciliation of the numerator and denominator of basic and diluted net loss per common share is provided as follows (in thousands except per share data):


	Three Months Ended							Nine Months Ended
	September 27, 2025				September 28, 2024			September 27, 2025				September 28, 2024
Numerator:
Net loss	$	(1,573	)	$	$	(1,933	)	$	(4,253	)	$	$	(8,076	)
Denominator:
Weighted average shares of common stock (basic)		17,009				16,581			16,843				16,374
Weighted average shares of common stock (diluted)		17,009				16,581			16,843				16,374
Per share data:
Basic net loss per share	$	(0.09	)	$	$	(0.12	)	$	(0.25	)	$	$	(0.49	)
Diluted net loss per share	$	(0.09	)	$	$	(0.12	)	$	(0.25	)	$	$	(0.49	)