v3.26.1
NET INCOME PER SHARE
6 Months Ended
Jun. 30, 2026
NET INCOME PER SHARE  
NET INCOME PER SHARE

9. NET INCOME PER SHARE

Basic income per share is computed by dividing the net income by the weighted average shares outstanding. Diluted income per share is computed by dividing the net income by the weighted average diluted shares outstanding.

The computation of basic and diluted income per share (in thousands, except share and per share data) was as follows:

Three Months Ended June 30, 

Six Months Ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Net (loss) income

$

(3,440)

$

(2,349)

$

4,221

$

(1,357)

Weighted average common shares outstanding

 

 

Basic

31,052,871

30,986,929

 

31,052,855

 

30,985,212

Dilutive common stock options, restricted stock unit awards and restricted stock awards

85,108

Diluted

31,052,871

30,986,929

31,137,963

30,985,212

Basic net (loss) income per share of common stock

$

(0.11)

$

(0.08)

$

0.14

$

(0.04)

Diluted net (loss) income per share of common stock

$

(0.11)

$

(0.08)

$

0.14

$

(0.04)

The Company had a net loss for the three months ended June 30, 2026, and 2025, and for the six months ended June 30, 2025. As a result, all stock options, restricted stock unit awards and restricted stock awards were anti-dilutive and excluded from weighted average shares used in determining the diluted loss per share of common stock for those periods.

The following weighted average numbers of stock options, restricted stock unit awards and restricted stock awards have been excluded from the calculation of diluted loss per share of common stock, as their effect would have been anti-dilutive for the three and six months ended June 30, 2026 and 2025.

Three Months Ended June 30, 

  ​ ​ ​

Six Months Ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Restricted stock units

250,000

82,721

87,366

Total

250,000

82,721

87,366