v3.25.2
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2025
Net Income (Loss) Per Share:  
Net Income (Loss) Per Share

(14) Net Income (Loss) Per Share

 

Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding. Shares issued during the period and shares reacquired during the period are weighted for the portion of the period that they were outstanding. Diluted net income (loss) per share is computed in a manner consistent with that of basic earnings per share while giving effect to all potentially dilutive shares of common stock outstanding during the period, which include the assumed exercise of stock options and warrants using the treasury stock method. Diluted net income (loss) per share was the same as basic net income (loss) per share for the three and six months ended June 30, 2024, as shares issuable upon the exercise of stock options and warrants were anti-dilutive as a result of the net loss incurred for the period.

 

The table below sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except per share data):

 

   2025   2024   2025   2024 
  

Three Months Ended

June 30,

  

Six Months Ended

June 30,

 
   2025   2024   2025   2024 
Numerator:                
Net income (loss)  $3,550   $(3,861)  $3,608   $(8,261)
Denominator:                    
Basic – weighted average shares outstanding   139,310,589    130,269,710    139,190,378    130,291,796 
Effect of dilutive securities:                    
Employee restricted stock units and deferred stock units   4,011,541        3,896,933     
Warrants   5,252,112        5,252,112     
Diluted – weighted average shares outstanding   148,574,242    130,269,710    148,339,423    130,291,796 
Basic earnings (loss) per share   0.03    (0.03)   0.03    (0.06)
Diluted earnings (loss) per share   0.02    (0.03)   0.02    (0.06)

 

For the three months ended June 30, 2025 and 2024, an aggregate of 13,410,148 and 24,597,501 shares underlying outstanding stock options, restricted stock units, deferred stock units and warrants were excluded for the diluted earnings (loss) per share calculation as they were anti-dilutive. For the six months ended June 30, 2025 and 2024, an aggregate of 13,524,756 and 24,597,501 shares underlying outstanding stock options, restricted stock units, deferred stock units and warrants were excluded for the diluted earnings (loss) per share calculation as they were anti-dilutive.