Quarterly report [Sections 13 or 15(d)]

Note 7 - Net Income (Loss) Per Share

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Note 7 - Net Income (Loss) Per Share
9 Months Ended
Sep. 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 September 30,

   

Nine Months Ended September 30,

 

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

 

2026

   

2025

   

2026

   

2025

 

Numerator:

                               

Net income (loss)

  $ (6,196 )   $ (3,438 )   $ (15,403 )   $ (8,516 )
                                 

Denominator:

                               

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

    8,561       7,124       8,547       7,037  
                                 

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

  $ (0.72 )   $ (0.48 )   $ (1.80 )   $ (1.21 )
                                 

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

                               

Stock options to purchase common stock

    721       601       721       601  

Unvested restricted stock units

    129       115       129       115  

 

(1) Pre-funded warrants outstanding during the three and nine months ended  September 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.