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Loss per Share

9 Months Ended

Sep. 30, 2025

Loss per Share

Loss per Share

3. Net Income/(Loss) Per Share

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Net income/(loss) per common share is presented under two formats: basic net income/(loss) per common share and diluted income/(loss) per common share. Basic net income/(loss) per common share is computed by dividing net income/(loss) attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted income/(loss) per common share is computed by dividing net income/(loss) by the weighted average number of common shares outstanding during the period, plus the potentially dilutive impact of common shares equivalents (e.g. convertible debt, stock options and warrants). Dilutive common share equivalents consist of the incremental common shares issuable upon exercise of convertible debt, restricted share units, stock options and warrants. The following table sets forth the computation of basic and diluted net income/(loss) per share (in thousands except per share data):

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Three Months Ended September 30,

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Nine Months Ended September 30,

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2025

2024

2025

2024

Numerator:

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Net (loss)/income

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$

(638)

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$

(5,735)

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$

(4,954)

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$

1,549

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Denominator:

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Weighted-average common shares, basic

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27,889

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27,371

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27,711

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27,371

Dilutive effect of stock options

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—

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—

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—

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620

Dilutive effect of warrants

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—

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—

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—

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24

Weighted-average common shares, diluted

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27,889

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27,371

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27,711

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28,015

Net (loss)/income per share, basic

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$

(0.02)

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$

(0.21)

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$

(0.18)

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$

0.06

Net (loss)/income per share, diluted

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$

(0.02)

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$

(0.21)

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$

(0.18)

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$

0.06

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The following common stock equivalents, outstanding convertible debt, options and warrants were excluded from the computation of diluted net income/(loss) per share for the periods presented because including them would have had an anti-dilutive effect:

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​	​	​	​	​	​	​	​	​	​
​	​	Diluted Earnings Per Share			​	​	Diluted Earnings Per Share
​	​	Three Months Ended September 30,			​	​	Nine Months Ended September 30,
​		2025		2024	​		2025		2024
Options to purchase common shares		5,915	​	393	​		5,915		4,835
Convertible debt to purchase common shares		3,761	​	—	​	​	3,761	​	—
Restricted share units to purchase common shares	​	419	​	78	​	​	419	​	367
Performance share units to purchase common shares	​	244	​	—	​	​	244	​	—
Warrants to purchase common shares	​	111	​	24	​		111		126

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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