Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Tables)

v3.19.3
Net Income (Loss) Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Summary of Computation of Net Income (Loss) Per Share

The following table presents the computation of net income (loss) per share (in thousands except per share data):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(135

)

 

$

437

 

 

$

863

 

 

$

(3,858

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

9,711

 

 

 

9,566

 

 

 

9,678

 

 

 

9,495

 

Plus dilutive effect of potential common shares

 

 

 

 

 

527

 

 

 

405

 

 

 

 

Weighted average common shares outstanding - diluted

 

 

9,711

 

 

 

10,093

 

 

 

10,083

 

 

 

9,495

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.01

)

 

$

0.05

 

 

$

0.09

 

 

$

(0.41

)

Diluted

 

$

(0.01

)

 

$

0.04

 

 

$

0.09

 

 

$

(0.41

)

Summary of Potentially Dilutive Securities

Potentially dilutive securities not included in the calculation of diluted net income (loss) per share because to do so would be anti-dilutive are as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Employee stock options

 

 

721

 

 

 

245

 

 

 

457

 

 

 

887

 

Warrants outstanding

 

 

51

 

 

 

51

 

 

 

 

 

 

51

 

Total

 

 

772

 

 

 

296

 

 

 

457

 

 

 

938