Note 9 - Net Loss Per Share

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

9. NET LOSS PER SHARE

Basic net loss per share is computed by dividing net loss by weighted average number of common shares outstanding for the period (excluding outstanding stock options and shares subject to repurchase). Diluted net loss per share is computed using the weighted-average number of common shares outstanding for the period plus the potential effect of dilutive securities which are convertible into common shares (using the treasury stock method), except in cases in which the effect would be anti-dilutive. The following is a reconciliation of the numerators and denominators used in computing basic and diluted net loss per share (in thousands except per share amount): 

	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Numerator:
Net loss	$	(3,652	)	$	(710	)	$	(4,180	)	$	(3,401	)
Denominator:
Basic weighted-average shares outstanding		32,886			32,339			32,795			32,412
Effect of dilutive options and restricted stock units		—			—			—			—
Diluted weighted average shares outstanding		32,886			32,339			32,795			32,412
Net loss per share - Basic	$	(0.11	)	$	(0.02	)	$	(0.13	)	$	(0.10	)
Net loss per share - Diluted	$	(0.11	)	$	(0.02	)	$	(0.13	)	$	(0.10	)

For the three and six months ended  June 30, 2020 and 2019, because the Company was in a loss position, basic net loss per share is the same as diluted net loss per share as the inclusion of the potential common shares would have been anti-dilutive.

The following table sets forth potential shares of common stock that are not included in the diluted net loss per share calculation above because to do so would be anti-dilutive for the periods indicated (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Outstanding options		376		606		388		614
Nonvested restricted stock units		659		813		687		781
Employee Stock Purchase Plan		148		18		125		198
Total		1,183		1,437		1,200		1,593