Quarterly report [Sections 13 or 15(d)]

Note 17 - Earnings Per Share

v3.25.1
Note 17 - Earnings Per Share
3 Months Ended
Feb. 28, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

17.

EARNINGS PER SHARE

 

For the three months ended February 28, 2025 and February 29, 2024, the Company recorded net income and, as such, used diluted weighted-average common shares outstanding when calculating diluted income per share for the three months ended February 28, 2025. Stock options and RSUs that could potentially dilute basic earnings per share (“EPS”) in the future are included in the computation of diluted income per share.

 

   

For the Three Months Ended

 
   

February 28,

   

February 29,

 
   

2025

   

2024

 

Net income

  $ 1,662     $ 17  
                 

Weighted-average number of shares used in computing net income per share, basic

    22,587,099       22,035,249  

Net income per share - basic

  $ 0.07     $ -  

Weighted-average number of shares used in computing net income per share, diluted

    24,098,635       22,838,827  

Net income per share - diluted

  $ 0.07     $ -  

 

 

The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three months ended February 28, 2025 and February 29, 2024:

 

   

For the Three Months Ended

 
   

February 28,

   

February 29,

 
   

2025

   

2024

 

Weighted-average common shares outstanding- basic

    22,587,099       22,035,249  

Assumed conversion of:

               

Dilutive stock options

    720,689       37,014  

Dilutive RSUs

    790,847       766,564  

Weighted-average common share outstanding- diluted

    24,098,635       22,838,827  

 

The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

   

For the Three Months Ended

 
   

February 28,

   

February 29,

 
   

2025

   

2024

 

Options

          1,130,166  

RSUs

          301,667  

Total

          1,431,833