AIR T INC Earnings Per Share Disclosure
| Year Ended March 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Net Loss | $ | (5,411) | $ | (4,684) | |||||||
| Net income attributable to non-controlling interests | (729) | (2,135) | |||||||||
| Net loss attributable to Air T, Inc. Stockholders | $ | (6,140) | (6,819) | ||||||||
| Loss per share: | |||||||||||
| Basic | $ | (2.23) | $ | (2.42) | |||||||
| Diluted | $ | (2.23) | $ | (2.42) | |||||||
| Antidilutive shares excluded from computation of loss per share | — | — | |||||||||
| Weighted Average Shares Outstanding: | |||||||||||
| Basic | 2,750 | 2,816 | |||||||||
| Diluted | 2,750 | 2,816 | |||||||||
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.