AI Financial CorpAIFC

AI Financial Corp Earnings Per Share Disclosure

10-KFiled Mar 28, 20252 min read
Earnings (Loss) per share
Net loss per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding do not include shares of restricted stock that have not yet vested, although such shares are included as outstanding shares in the Company’s Consolidated Balance Sheet. Diluted net earnings per share is computed using the weighted average number of common shares outstanding, and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the additional common shares issuable with respect to restricted share awards, stock options and convertible preferred stock.
The following table presents the computation of basic and diluted net loss per share (in $000’s, except per share data):
For the Years Ended
December 28, 2024December 30, 2023
Continuing Operations
Basic and diluted
Net (loss) income from continuing operations$(6,245)$(17,095)
Weighted average common shares outstanding11,148,4934,005,334
Basic and diluted (loss) income per share from continuing operations$(0.56)$(4.27)
Discontinued Operations
Basic
Net income from discontinued operations$— $9,283 
Weighted average common shares outstanding11,148,4934,005,334
Basic income per share from discontinued operations$— $2.32 
Diluted
Net income from discontinued operations$— $9,283 
Weighted average common shares outstanding11,148,4934,444,361
Diluted income per share from discontinued operations$— $2.09 
Total
Basic and diluted
Net (loss) income$(6,245)$(7,812)
Weighted average common shares outstanding11,148,4934,005,334
Basic and diluted (loss) income per share$(0.56)$(1.95)
Potentially dilutive securities totaling approximately 9.0 million and 3.9 million shares, respectively, were excluded from the calculation of diluted net earnings (loss) per share for the years ended December 28, 2024 and December 30, 2023 because the effects were anti-dilutive based on the application of the treasury stock method.

Historical Timeline

Fiscal YearFiled
2024Mar 28, 2025Showing above
2023Apr 8, 2024
2017Jun 12, 2018

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

Income TaxesRevenuePP&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsNew StandardsPay vs Performance