Quarterly report [Sections 13 or 15(d)]

Net Income (Loss) Per Common Share

v3.25.3
Net Income (Loss) Per Common Share
 9 Months Ended
Sep. 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 September 30, Nine Months Ended September 30,
(in thousands, except per share amounts) 2025 2024 2025 2024
Numerator:
Net income (loss) $ 708  $ (1,858) $ (2,547) $ (10,414)
Denominator:
Weighted average shares outstanding - basic 46,494,598  43,882,110  45,905,069  43,610,481 
Weighted average shares outstanding - diluted 49,088,436  43,882,110  45,905,069  43,610,481 
Net income (loss) per common share - basic $ 0.02  $ (0.04) $ (0.06) $ (0.24)
Net income (loss) per common share - diluted $ 0.01  $ (0.04) $ (0.06) $ (0.24)
Anti-dilutive shares excluded from the calculation of diluted income (loss) per share (1)
Stock options 551,652  1,678,775  728,199  3,077,373 
Restricted and performance stock units 1,631,075  319,136  1,159,489  513,975 
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(1)Common equivalent shares for the three months ended September 30, 2024 and nine months ended September 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.