v3.25.1
Net (Loss) Income Per Share
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share

Note 11. Net (Loss) Income Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share of common stock attributable to common stockholders (in thousands, except per-share data):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

 

 

 

Net (loss) income

 

$

(664

)

 

$

155

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — Basic

 

 

20,506

 

 

 

18,321

 

Plus incremental shares from assumed conversions:

 

 

 

 

 

 

Dilutive effect of restricted stock

 

 

 

 

 

224

 

Dilutive effect of stock options

 

 

 

 

 

294

 

Dilutive effect of warrants

 

 

 

 

 

550

 

Weighted average common shares outstanding — Diluted

 

 

20,506

 

 

 

19,389

 

Net (loss) income per share:

 

 

 

 

 

 

Basic

 

$

(0.03

)

 

$

0.01

 

Diluted

 

$

(0.03

)

 

$

0.01

 

 

Incremental shares from stock options and restricted stock are computed by the treasury stock method. The treasury stock method calculates dilution assuming the exercise of all in-the-money options and vesting of restricted stock, reduced by the repurchase of shares with the proceeds from the assumed exercises and unrecognized compensation expense for outstanding awards and the estimated tax benefit of the assumed exercises.

 

The weighted average shares listed below were not included in the computation of diluted earnings per common share because to do so would have been anti-dilutive for the periods presented or were otherwise excluded under the treasury stock method (in thousands).

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

 

 

 

 

Stock options

 

 

638

 

 

 

69

 

Restricted stock

 

 

669

 

 

 

279

 

Total

 

 

1,307

 

 

 

348