v3.26.1
Earnings Per Common Share
 3 Months Ended
Mar. 31, 2026
Earnings per common share:  
Earnings Per Common Share

3. Earnings Per Common Share

 

Basic net income/(loss) per common share is computed by dividing the net income for the period by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is computed giving effect to all dilutive common stock equivalents, consisting of common stock options. The following table sets forth the computation of basic and diluted net income per common share:

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Net income/(loss) (in thousands) (A)

 

$578

 

 

$1,171

 

 

 

 

 

 

 

 

 

 

Weighted-average share reconciliation:

 

 

 

 

 

 

 

 

Weighted-average basic shares outstanding (B)

 

 

31,533,566

 

 

 

28,024,280

 

Dilutive effect of stock-based awards

 

 

1,150,383

 

 

 

3,068,495

 

Diluted weighted-average outstanding shares of common stock (C)

 

 

32,683,949

 

 

 

31,092,775

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

Basic (A/B)

 

$0.02

 

 

$0.04

 

Diluted (A/C)

 

$0.02

 

 

$0.04

 

 

For the three months ended March 31, 2026 and 2025, the following potentially dilutive common stock, including awards granted under our equity incentive compensation plans, were excluded from the computation of diluted net income per share because including them would be anti-dilutive.

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Stock options

 

 

968,355

 

 

 

1,303,571