v3.26.1
3. NET LOSS PER COMMON SHARE
3 Months Ended
Jun. 30, 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:

Three Months Ended June 30, 

2026

2025

(In thousands, except per share amounts)

Net loss

  ​ ​ ​

$

(4,792)

  ​ ​ ​

$

(2,217)

Denominators:

Weighted average shares—Basic

37,346

26,967

Dilutive effect of employee stock options

Dilutive effect of employee stock purchase plan shares

Weighted average shares—Dilutive

 

37,346

 

26,967

Net loss per common share—Basic

 

$

(0.13)

$

(0.08)

Net loss per common share—Diluted

 

$

(0.13)

$

(0.08)

The following shares of common stock underlying outstanding stock options and unissued ESPP shares, determined on a weighted average basis, were excluded from the computation of diluted net loss per share as they had an anti-dilutive effect:

Three Months Ended June 30, 

2026

2025

  ​ ​ ​

(In thousands)

Shares underlying options and ESPP shares

3,217

7,031