15 unchanged sentences
In May 2023, our Board of Directors approved a share repurchase program for the repurchase of up to $50.0 million of our outstanding common stock through May 15, 2025 (the “Repurchase Program”).
+Added: In May 2025, the Board authorized the extension of the Repurchase Program to expire on May 15, 2027.
The Repurchase Program authorizes the Company to effect repurchases through open market transactions, privately negotiated transactions, Rule 10b5-1 trading plans and/or Rule 10b-18 trading plans, and other means.
1 unchanged sentence
The timing, number, and purchase price of share repurchases, if any, will be determined by the Company’s management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, and other alternatives available to the Company.
−Removed: The following table provides information with respect to shares of our common stock we repurchased under the Repurchase Program during the three months ended December 31, 2024:
−Removed: Period Total Number
−Removed: of Shares Purchased Average Price Paid
−Removed: per Share Total Number
−Removed: of Shares Purchased as
−Removed: Part of Publicly
−Removed: Announced Plans or
−Removed: Approximate Dollar Value
−Removed: of Shares that May Yet Be Purchased
−Removed: Under the Plans or Programs (in '000s)
−Removed: October 1 - October 31, 2024 — $ — — $ 44,694
−Removed: November 1 - November 30, 2024 — $ — — $ 44,694
−Removed: December 1 - December 31, 2024 291,558 $ 2.91 291,558 $ 43,847
−Removed: 291,558 291,558
−Removed: (1) The Repurchase Program was approved by our Board of Directors in May 2023 and authorizes the repurchase of up to $50.0 million of our outstanding common stock through May 15, 2025.
+Added: The Company did not repurchase any shares of its common stock during the quarter ended December 31, 2025.
+Added: During the year ended December 31, 2025, the Company repurchased 778,619 shares of common stock under the Repurchase Program in open market transactions at a weighted-average price of $2.33 per share for an aggregate purchase price of $1.8 million, inclusive of transaction costs.
+Added: As of December 31, 2025, $42.0 million remained available for future share repurchases under the Repurchase Program.
The IRA introduced a 1% excise tax on all stock repurchases effective January 2023.
2 unchanged sentences
As of December 31, 2025, we had approximately $42 million available under the Repurchase Program.
−Removed: Refer to Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within this Annual Report on Form 10-K for additional information on our share repurchases.
+Added: Refer to Item 7,
+Added: “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within this Annual Report on Form 10-K for additional information on our share repurchases.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.