Earnings Per Share The following table sets forth the computation of basic and diluted income (loss) per share:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
(in thousands, except per share data) |
2024 |
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2023 |
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2024 |
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2023 |
Numerator: |
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Net loss from continuing operations |
$ |
(7,016) |
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$ |
(14,678) |
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$ |
(11,309) |
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$ |
(26,615) |
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Net income (loss) from discontinued operations |
864 |
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(3,254) |
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(1,262) |
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(11,152) |
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Net loss |
$ |
(6,152) |
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$ |
(17,932) |
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$ |
(12,571) |
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$ |
(37,767) |
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Denominator: |
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Weighted-average common shares outstanding |
10,114 |
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10,135 |
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10,111 |
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10,151 |
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Effect of dilutive securities: |
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Employee stock options and stock grants |
— |
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— |
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— |
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— |
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Weighted-average common shares, as adjusted |
10,114 |
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10,135 |
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10,111 |
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10,151 |
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Net loss per share from continuing operations: |
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Basic |
$ |
(0.69) |
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$ |
(1.45) |
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$ |
(1.12) |
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$ |
(2.62) |
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Diluted |
$ |
(0.69) |
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$ |
(1.45) |
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$ |
(1.12) |
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$ |
(2.62) |
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Net income (loss) per share from discontinued operations: |
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Basic |
$ |
0.08 |
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$ |
(0.32) |
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$ |
(0.12) |
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$ |
(1.10) |
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Diluted |
$ |
0.08 |
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$ |
(0.32) |
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$ |
(0.12) |
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$ |
(1.10) |
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Net loss per share: |
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Basic |
$ |
(0.61) |
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$ |
(1.77) |
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$ |
(1.24) |
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$ |
(3.72) |
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Diluted |
$ |
(0.61) |
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$ |
(1.77) |
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$ |
(1.24) |
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$ |
(3.72) |
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The diluted loss per share calculations exclude the effect of potentially dilutive shares when the inclusion of those shares in the calculation would have an anti-dilutive effect. The Company had $0.1 million shares that were anti-dilutive for the three and nine months ended September 30, 2024 and 2023, respectively.
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