v3.26.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted EPS

The following table shows the calculation of basic and diluted earnings per share ("EPS"), the weighted average number of shares outstanding used in computing EPS, the effect on the weighted average number of shares outstanding of dilutive potential common stock for the periods stated, and the weighted average number of securities excluded from the computation of diluted EPS because their effects would have been anti-dilutive. As a result of the net loss reported

for both the three and six months ended June 30, 2026, all weighted average potentially dilutive securities have been excluded from the calculation of diluted EPS.

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

(Dollars in thousands, except per share data)

2026

 

 

2025

 

 

2026

 

 

2025

 

Net (loss) income

$

(1,295

)

 

$

1,296

 

 

$

(459

)

 

$

862

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding, basic

 

88,493,894

 

 

 

88,257,659

 

 

 

88,418,928

 

 

 

87,136,670

 

Potentially dilutive securities

 

 

 

 

 

 

 

 

 

 

 

PSAs

 

—

 

 

 

324,684

 

 

 

—

 

 

 

173,876

 

Warrants

 

—

 

 

 

7,321,046

 

 

 

—

 

 

 

7,759,807

 

Weighted average common shares outstanding, dilutive

 

88,493,894

 

 

 

95,903,389

 

 

 

88,418,928

 

 

 

95,070,353

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings (loss) per common share

$

(0.01

)

 

$

0.01

 

 

$

(0.01

)

 

$

0.01

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average anti-dilutive securities excluded from diluted EPS

 

 

 

 

 

 

 

 

 

 

 

PSAs

 

649,182

 

 

 

1,570,384

 

 

 

524,535

 

 

 

829,134

 

Stock options

 

18,058

 

 

 

19,933

 

 

 

18,566

 

 

 

22,363

 

Warrants

 

24,208,396

 

 

 

—

 

 

 

24,263,890

 

 

 

—

 

Total weighted average anti-dilutive securities

 

24,875,636

 

 

 

1,590,317

 

 

 

24,806,991

 

 

 

851,497