6. INCOME (LOSS) PER SHARE AND SHAREHOLDERS’ EQUITY

Income (Loss) Per Share

Shareholders’ Equity

We have a share repurchase program, as amended (“Share Repurchase Program”), authorizing the repurchase of up to $10.0 million of our outstanding common stock expiring December 15, 2026. The timing and amount of any share repurchases is at the discretion of management and may be made from time to time through transactions in the open market, in privately negotiated transactions or by other means in accordance with applicable laws. The Share Repurchase Program does not obligate us to repurchase any shares of our common stock and may be modified, increased, suspended or terminated at the discretion of the Board. During the nine months ended September 30, 2025 and 2024, we repurchased 566,354 and 171,768 shares of our common stock for $3.7 million and $0.9 million, respectively, and at September 30, 2025, we had remaining authorization to purchase $5.0 million under the Share Repurchase Program. In accordance with certain restrictive covenants in the Merger Agreement (as defined in Note 8), we have suspended activity under the Share Repurchase Program and do not intend to make further repurchases during the pendency of the Merger Agreement. See Note 8 for further discussion of the Merger Agreement.