Amprius Technologies, Inc. Earnings Per Share Disclosure
| Year ended December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| Numerator: | |||||||||||
| Net loss | $ | (44,671) | $ | (36,776) | |||||||
| Add - increase in net loss due to the increase in fair value of the modified stock warrants | (727) | — | |||||||||
| Net loss attributable to common stockholders | $ | (45,398) | $ | (36,776) | |||||||
| Denominator: | |||||||||||
| Weighted-average number of common shares outstanding | 101,872,347 | 86,196,391 | |||||||||
| Basic and diluted net loss per common share | $ | (0.45) | $ | (0.43) | |||||||
| December 31, | |||||||||||
| 2024 | 2023 | ||||||||||
| Stock warrants | 19,045,072 | 47,720,736 | |||||||||
| Stock options | 18,048,109 | 12,812,942 | |||||||||
| RSUs | 4,311,271 | 545,141 | |||||||||
| Total | 41,404,452 | 61,078,819 | |||||||||
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.