Quarterly report [Sections 13 or 15(d)]

Note 7 - Net Income (Loss) Per Share

v3.26.1
Note 7 - Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note 7  Net Income (Loss) Per Share
 

Basic and diluted net income (loss) per common share was calculated as follows: 

 

   

Three Months Ended June 30,

   

Six Months Ended June 30,

 

(in thousands, except for net income (loss) per share)

 

2026

   

2025

   

2026

   

2025

 

Numerator:

                               

Net income (loss)

  $ (5,313 )   $ (2,454 )   $ (9,206 )   $ (5,078 )
                                 

Denominator:

                               

Weighted-average common shares outstanding, basic and diluted(1)

    8,542       6,998       8,539       6,993  
                                 

Net income (loss) per common share, basic and diluted

  $ (0.62 )   $ (0.35 )   $ (1.08 )   $ (0.73 )
                                 

Anti-dilutive potential common stock equivalents excluded from the calculation of net income (loss) per share

                               

Stock options to purchase common stock

    678       627       678       627  

Unvested restricted stock units

    145       128       145       128  

 

(1) Pre-funded warrants outstanding during the three and six months ended June 30, 2026 and 2025, are exercisable at a nominal price and are considered, in substance, equivalent to outstanding common stock. Accordingly, such pre-funded warrants have been included in the calculation of weighted-average shares of common stock outstanding for purposes of basic and diluted net income (loss) per share.