Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

v3.24.3
NET LOSS PER COMMON SHARE
9 Months Ended
Sep. 30, 2024
NET LOSS PER COMMON SHARE  
NET LOSS PER COMMON SHARE

NOTE 18. NET LOSS PER COMMON SHARE

The Company accounts for and discloses net earnings (loss) per share using the treasury stock method. Net earnings (loss) per share, or basic earnings (loss) per share, is computed by dividing net earnings (loss) by the weighted-average number of shares of common stock outstanding. Net earnings (loss) per share assuming dilutions, or diluted earnings (loss) per share, is computed by reflecting the potential dilution from the exercise of in-the-money stock options and the issuance of non-vested restricted stock units.

Diluted net income (loss) per shares was calculated as follows:

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Three-Month Periods Ended September 30,

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Nine-Month Periods Ended September 30,

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2024

    

2023

    

2024

    

2023

Diluted earnings per share

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Numerator:

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Net income (loss) - basic and diluted

 

$

(2,390)

​

$

16,789

 

$

(16,193)

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$

(1,710)

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Denominator

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Weighted-average shares outstanding - basic

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​

20,537,794

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​

18,416,368

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​

20,137,942

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18,078,437

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Dilutive impact from:

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Stock options

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—

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1,252,578

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—

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​

—

Restricted stock units

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—

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1,365,812

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—

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​

—

Weighted-average shares outstanding - diluted

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20,537,794

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​

21,034,758

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20,137,942

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18,078,437

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Net income (loss) per share - basic

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$

(0.12)

​

$

0.91

​

$

(0.80)

​

$

(0.09)

Net income (loss) per share - diluted

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$

(0.12)

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$

0.80

​

$

(0.80)

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$

(0.09)

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Potentially dilutive securities excluded from the calculation of net income (loss) per share

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Unvested restricted stock units

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2,484,434

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—

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2,484,434

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1,365,812

Stock options

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1,739,786

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976,949

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1,640,972

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1,144,412

Total potentially dilutive securities

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4,224,220

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​

976,949

 

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4,125,406

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2,510,224

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The Company’s potentially dilutive securities, including unvested restricted stock and options have been excluded from the computation of diluted loss per share for the three and nine-month periods ended September 30, 2024, and the nine - month period ended September 30, 2023, as the effect would be to reduce the loss per share. Therefore, the weighted average common stock outstanding used to calculate both the basic and diluted loss per share is the same for the three and nine-month periods ended September 30, 2024 and for the nine - month period ended September 30, 2023.