Note 9 - Net Income (Loss) Per Share of Common Stock

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 9: NET INCOME (LOSS) PER SHARE OF COMMON STOCK

Basic net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted net income (loss) per share is computed based on the weighted average number of shares of common stock outstanding during each period, plus dilutive potential shares of common stock considered outstanding during the period, in accordance with FASB ASC No. 260, “Earnings Per Share.”

	Nine months ended September 30,						Three months ended September 30,
	2022 (unaudited)			2021 (unaudited)			2022 (unaudited)			2021 (unaudited)
Numerator:
Net loss	$	(25,123	)	$	(3,482	)	$	(22,304	)	$	(167	)
Denominator (in thousands):
Basic weighted-average common stock outstanding		23,163			22,766			23,211			22,925
Effect of stock -based awards		—			—			—			—
Diluted weighted average common stock outstanding		23,163			22,766			23,211			22,925
Basic net loss per share	$	(1.08	)	$	(0.15	)	$	(0.96	)	$	(0.01	)
Diluted net loss per share	$	(1.08	)	$	(0.15	)	$	(0.96	)	$	(0.01	)

The total number of shares related to outstanding equity-based awards was 966,748 for both the three and nine months ended September 30, 2022, and in each case was excluded from the calculation of diluted net loss per share. The total number of shares related to outstanding equity-based awards was 830,384 for both the three and nine months ended September 30, 2021, and in each case was excluded from the calculation of diluted net loss per share.