Company: VHC
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001140361-25-030577
Chunk: 124

Company: VirnetX Holding Corp
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 124
---
593 

              Basic (loss) per share

              $
            
             (0.99 
            
              )

              $
            
             (1.07 
            
              )

              $
            
             (1.99 
            
              )

              $
            
             (2.26 
            
              )

              Diluted (loss) per share

              $
            
             (0.99 
            
              )

              $
            
             (1.07 
            
              )

              $
            
             (1.99 
            
              )

              $
            
             (2.26 
            
              )

      We incurred a net loss for the three and six months ended June 30, 2025 and 2024; therefore, all potentially dilutive securities representing shares of common stock (248,488 at June 30, 2025 and 305,781 at June 30, 2024) were excluded from the computation of diluted earnings per share, because their effect would have been antidilutive.

Note 10 — Segment Reporting
       
      We view our operations and make decisions regarding how to allocate resources and manage our business as one reportable segment and one reporting unit. Our Chief Executive Officer, who is the chief operating decision maker (CODM), is regularly provided with expense information at a level consistent with that disclosed in our consolidated financial statements, regularly assesses performance of the aggregated single operating and reporting segment and decides how to allocate resources based on net income calculated on the same basis as net income reported in our consolidated financial statements.

ITEM 2 — MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Company Overview

We develop patented cybersecurity solutions that ensure resilient, secure communications across any network or device. Built on Zero Trust Network Access (ZTNA) principles, our flagship platform, VirnetX One™,
        virtualizes on-demand private networks using patented Secure Domain Names and automatically establishes secure links regardless of location or endpoint.

Our products, including War Room™ and VirnetX Matrix™, are designed to support the U.S. Department of Defense (DoD) with real-time, encrypted collaboration. War RoomTM offers advanced visualization for
        situational awareness, while Matrix secures communications through robust encryption, even in contested environments.

        Our War Room™ software product provides safe and secure video conferencing meeting environment where sensitive communications and data is invisible to those not authorized to view it. War Room™ validates
          permissions of all the users, and devices requesting access to any secure meeting room prior to granting access. We believe our War