v3.26.1
Note 9 - Net Loss Per Share
 9 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

(9) Net Loss per Share

 

Basic net loss per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed based on the weighted average number of common shares outstanding plus the effect of potentially dilutive common shares outstanding during the period using the treasury stock method and the if-converted method. Potentially dilutive common shares include outstanding stock options and share-based awards.

 

The following table reconciles the numerators and denominators used in the computations of both basic and diluted net loss per share:

 

  

Three Months Ended

  

Nine Months Ended

 
  

March 31,

  

March 31,

 

(In thousands, except per share data)

 

2026

  

2025

  

2026

  

2025

 

Numerator:

                

Net loss

 $(3,768) $(3,633) $(11,161) $(10,920)

Denominator:

                

Denominator for basic and diluted net loss per share — weighted average common stock outstanding

  1,677   1,665   1,676   1,663 

Basic and diluted net loss per common share:

                

Net loss per common share

 $(2.25) $(2.18) $(6.66) $(6.57)

 

All unvested restricted stock awards and convertible Series D preferred shares for the nine months ended March 31, 2026, are not included in diluted net loss per share, as the impact to net loss per share would be anti-dilutive. Options to purchase 234,426 shares of common stock at exercise prices ranging from $4.73 to $175.50 per share outstanding as of March 31, 2026, were not included in diluted net loss per share, as the impact to net loss per share would be anti-dilutive.