Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2025

8. Net Income (Loss) Per Share

The following table sets forth the computation of the basic and diluted net loss per share attributable to common stockholders for the three and six months ended June 30, 2025 and 2024:


	Three months ended June 30,						Six Months Ended June 30,
(In thousands, except share and per share data)	2025			2024			2025		2024
Numerator:
Net income (loss)	$	(7,487	)	$	(5,323	)	$	15,272	$	(12,552	)
Denominator:
Weighted average shares outstanding, basic		37,746,302			26,622,924			36,231,623		25,938,483
Dilutive effect of potential common shares		—			—			3,335,399		—
Weighted average shares outstanding, diluted		37,746,302			26,622,924			39,567,022		25,938,483
Basic net income (loss) per share	$	(0.20	)	$	(0.20	)	$	0.42	$	(0.48	)
Diluted net income (loss) per share	$	(0.20	)	$	(0.20	)	$	0.39	$	(0.48	)
Anti-dilutive securities, excluded		12,626,958			12,070,666			8,245,129		12,070,666

Potentially dilutive shares, which are based on the weighted-average shares of common stock, stock options, unvested stock units, unvested stock awards, purchase rights granted under the employee stock purchase plan and warrants using the treasury stock method are included when calculating diluted net income (loss) per share attributable to the Company when their effect is dilutive. Because the Company incurred a net loss for the three months ended June 30, 2025 and 2024 and the six months ended June 30, 2024, none of the potentially dilutive common shares were included in the diluted share calculation for that period as they would have been anti-dilutive.

Palladyne AI Corp. 10-Q