| Computation of Earnings Per Share |
The computation of EPS is as follows:
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Three months ended
September 30, |
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Nine months ended
September 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Numerator—basic and diluted: |
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Net loss |
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$ |
(5,294 |
) |
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$ |
(5,963 |
) |
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$ |
(15,620 |
) |
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$ |
(26,131 |
) |
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Denominator: |
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Weighted average shares of common stock - basic common stock (1) |
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27,075,637 |
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23,751,168 |
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26,407,849 |
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23,589,836 |
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Weighted average shares of common stock - diluted common stock |
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27,075,637 |
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23,751,168 |
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26,407,849 |
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23,589,836 |
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Net loss per share - basic common stock |
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$ |
(0.20 |
) |
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$ |
(0.25 |
) |
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$ |
(0.59 |
) |
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$ |
(1.11 |
) |
Net loss per share - diluted common stock (2) |
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$ |
(0.20 |
) |
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$ |
(0.25 |
) |
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$ |
(0.59 |
) |
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$ |
(1.11 |
) |
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Denominator calculation from basic to diluted: |
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Weighted average shares of common stock - basic common stock (1) |
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27,075,637 |
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23,751,168 |
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26,407,849 |
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23,589,836 |
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Stock options and other dilutive awards |
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532,039 |
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764,761 |
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530,947 |
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620,943 |
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Weighted average shares of common stock - diluted common stock |
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27,607,676 |
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24,515,929 |
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26,938,796 |
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24,210,779 |
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Shares excluded from diluted weighted average shares: |
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Restricted stock units |
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571,659 |
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252,576 |
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554,921 |
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337,866 |
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(1) Unvested restricted stock units are not included as shares outstanding in the calculation of basic earnings per share. Vested restricted stock units are included in basic earnings per share if all vesting and performance criteria have been met. Performance-based restricted stock units are included in the number of shares used to calculate diluted earnings per share as long as all applicable performance criteria are met, and their effect is dilutive.
(2) Due to net losses for the three and nine months ended September 30, 2025 and September 30, 2024, diluted loss per share is the same as basic loss per share.
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