v3.26.1
3. NET LOSS PER COMMON SHARE
12 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
NOTE 3 - NET LOSS PER COMMON SHARE

NOTE 3—NET LOSS PER COMMON SHARE

The Company uses the treasury stock method to calculate the weighted average shares used in computing diluted net loss per share. The following table sets forth the computation of basic and diluted net loss per share:

Year Ended March 31, 

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

 

(In thousands, except per share amounts)

Net loss

$

(13,246)

  ​ ​ ​

$

(10,639)

$

(20,087)

Denominators:

Weighted average shares—Basic

 

31,839

25,498

25,144

Dilutive effect of employee stock options

Dilutive effect of employee stock purchase plan options

 

Weighted average shares—Dilutive

 

31,839

 

25,498

 

25,144

Net loss per common share—Basic

$

(0.42)

 

$

(0.42)

$

(0.80)

Net loss per common share—Diluted

$

(0.42)

 

$

(0.42)

$

(0.80)

The following shares of common stock (determined on a weighted average basis) were excluded from the computation of diluted net loss per common share as they had an anti-dilutive effect:

Year Ended March 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2024

 

(In thousands)

Shares underlying options and ESPP shares

5,305

7,551

7,930