v3.26.3
Net Loss Per Common Share
9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Common Share

Note 12 — Net Loss Per Common Share

Basic net loss per common share is computed by dividing net loss by the basic weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed by dividing net loss by the diluted weighted average

number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding stock options and the vesting of restricted stock units.

Basic and diluted weighted average common shares are as follows (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Basic weighted average common shares outstanding

 

 

18,916

 

 

 

19,113

 

 

 

19,130

 

 

 

19,022

 

Weighted average common equivalent shares

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Diluted weighted average common shares outstanding

 

 

18,916

 

 

 

19,113

 

 

 

19,130

 

 

 

19,022

 

Options and restricted stock units excluded from diluted
   weighted average share calculation as effect would have
   been anti-dilutive

 

 

2,226

 

 

 

2,524

 

 

 

2,092

 

 

 

1,626