v3.26.1
Note 6 - Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 6.  Earnings (Loss) Per Share

Basic net loss per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options, restricted stock units and senior convertible notes outstanding during the period. In periods with net losses, normally dilutive shares become anti-dilutive. Therefore, basic and diluted loss per share are the same. On March 13, 2025, the Company issued 7,945,399 stock warrants to a subsidiary of Amazon, and 1,324,233 warrants have been vested upon signing the warrant agreement. For the three and six months ended June 30, 2026, such warrants are both in the money and are considered dilutive instruments.

The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands):

 

  

Three months ended June 30,

  

Six months ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Numerator:

            

Net loss

 $(22,781) $(9,098) $(37,062) $(18,270)

Denominator:

              

Weighted average shares used to compute net loss per share

              

Basic

  81,568   56,772   78,789   53,426 

Diluted

  81,568   56,772   78,789   53,426 

Net loss per share

              

Basic

 $(0.28) $(0.16) $(0.47) $(0.34)

Diluted

 $(0.28) $(0.16) $(0.47) $(0.34)

 

The following potentially dilutive securities were excluded from the diluted net loss per share as their effect would have been antidilutive (in thousands):

 

  

Three months ended June 30,

  

Six months ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Restricted stock units

  2,503   2,143   2,375   2,435 

Shares for convertible senior notes

  2,884   3,116   2,884   3,116 

Amazon warrant

  1,324   1,324   1,324   1,324 

Total antidilutive shares

  6,711   6,583   6,583   6,875