Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.24.2.u1
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
9.
NET INCOME (LOSS) PER SHARE

The Company computes basic net income (loss) per share using the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of common shares plus potential common shares. The Company's stock options, including those with performance conditions, are included in the calculation of diluted net income (loss) per share using the treasury stock method when their effect is dilutive. Potential common shares are excluded from the calculation of diluted net income (loss) per share when their effect is anti-dilutive.

The following common stock equivalents were not included in the calculation of net income (loss) per diluted share because their effect were anti-dilutive (in thousands):

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Stock options

 

 

26,848

 

 

 

20,181

 

 

 

26,848

 

 

 

20,181

 

Performance stock options

 

 

6,750

 

 

 

11,000

 

 

 

6,750

 

 

 

11,000

 

Warrants

 

 

10,750

 

 

 

10,750

 

 

 

10,750

 

 

 

10,750

 

Total

 

 

44,348

 

 

 

41,931

 

 

 

44,348

 

 

 

41,931