Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) per Share

v3.21.1
Net Income (Loss) per Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Income (Loss) per Share

Note 14. Net Income (Loss) per Share

The following table summarizes the computation of basic and diluted net loss per share (in thousands, except share and per share data):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

1,225

 

 

$

1,798

 

 

$

(2,725

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding, basic

 

 

11,408,757

 

 

 

11,302,780

 

 

 

10,569,007

 

Weighted-average shares outstanding, diluted

 

 

11,730,294

 

 

 

11,846,348

 

 

 

10,569,007

 

Net income (loss) per share, basic

 

$

0.11

 

 

$

0.16

 

 

$

(0.26

)

Net income (loss) per share, diluted

 

$

0.10

 

 

$

0.15

 

 

$

(0.26

)

 

The following potentially dilutive shares outstanding at the end of the periods presented were excluded in the calculation of diluted net income (loss) per share as the effect would have been anti-dilutive:

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Options to purchase common stock

 

 

573,340

 

 

 

269,202

 

 

 

820,186

 

Unvested restricted stock units

 

 

101,255

 

 

 

54,620

 

 

 

110,764

 

Warrants to purchase Series B-1 convertible

   preferred or common stock

 

 

 

 

 

 

 

 

163,713

 

Total

 

 

674,595

 

 

 

323,822

 

 

 

1,094,663