Quarterly report [Sections 13 or 15(d)]

Net Income (Loss) Per Common Share

v3.25.2
Net Income (Loss) Per Common Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share Net Income (Loss) Per Common Share
The following reflects the net income (loss) attributable to common shareholders and share data used in the basic and diluted net income (loss) per common share computations using the two-class method for the periods indicated:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands, except per share amounts) 2025 2024 2025 2024
Numerator:
Net income (loss) $ 579  $ (1,921) $ (3,255) $ (8,556)
Denominator:
Weighted average shares outstanding - basic 46,063,092  43,713,313  45,605,419  43,473,541 
Weighted average shares outstanding - diluted 47,980,830  43,713,313  45,605,419  43,473,541 
Net income (loss) per common share - basic $ 0.01  $ (0.04) $ (0.07) $ (0.20)
Net income (loss) per common share - diluted $ 0.01  $ (0.04) $ (0.07) $ (0.20)
Anti-dilutive shares excluded from the calculation of diluted income (loss) per share (1)
Stock options 748,086  4,239,311  783,482  4,113,080 
Restricted and performance stock units 1,597,709  1,433,829  822,060  439,583 
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(1)Common equivalent shares for the three months ended June 30, 2024 and six months ended June 30, 2025 and 2024 are not included in the diluted per share calculations as they would be anti-dilutive if the Company were in a net income position.