Basic earnings per common share is calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing the adjusted net income by the weighted average number of common shares outstanding combined with dilutive common share equivalents outstanding, if the effect is dilutive. For the three and six months ended June 30, 2025 and 2024, there were no adjustments to net income. Potentially dilutive common share equivalents consist of incremental shares of common stock issuable upon exercise of the June 2022 Warrants and vesting and settlement of stock awards. The dilutive effect of non-vested stock issued under share‑based compensation plans, shares issuable under the Employee Stock Purchase Plan, employee stock options outstanding, and the June 2022 Warrants are computed using the treasury stock method.


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Numerator:
Net income for basic and diluted earnings per share	$	1,768	$	1,974	$	7,148	$	3,536

Denominator:
Basic weighted average shares outstanding (1)	33,947		29,449		31,827		29,440
Dilutive effect of the June 2022 warrants	1,792		1,041		1,738		925
Dilutive effect of stock options and restricted shares	492		178		461		147
Diluted weighted average shares outstanding	36,231		30,668		34,026		30,512

Basic earnings per share	$	0.05	$	0.07	$	0.22	$	0.12
Diluted earnings per share	$	0.05	$	0.06	$	0.21	$	0.12

(1)Basic weighted average shares outstanding for the three and six month 2025 periods include the weighted average of 6,000,000 shares associated with the April 2025 Warrant assumed issued at the April 28, 2025 closing date of the PWRtek Transactions (see Note 3, “Asset Acquisition”).