AMTECH SYSTEMS INC Earnings Per Share Disclosure
Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similarly to basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares had been issued. Dilutive potential common shares include outstanding RSUs and stock options. In the case of a net loss, diluted EPS is calculated in the same manner as basic EPS.
For the years 2025 and 2024, 939,000 and 798,000 weighted average shares, respectively, were excluded from the diluted EPS calculations because they were anti-dilutive. These share-based awards could become dilutive in the future.
A reconciliation of the denominators of the basic and diluted EPS calculations follows, in thousands, except per share amounts:
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Years Ended September 30, |
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2025 |
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2024 |
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Numerator: |
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Net loss |
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$ |
(30,326 |
) |
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$ |
(8,486 |
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Denominator: |
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Weighted-average shares used to compute basic EPS |
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14,302 |
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14,208 |
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Dilutive potential common shares due to stock options (1) |
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— |
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— |
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Dilutive potential common shares due to RSUs (1) |
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— |
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— |
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Weighted-average shares used to compute diluted EPS |
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14,302 |
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14,208 |
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Loss per share: |
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Net loss per basic share |
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$ |
(2.12 |
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$ |
(0.60 |
) |
Net loss per diluted share |
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$ |
(2.12 |
) |
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$ |
(0.60 |
) |
(1) The number of common stock equivalents is calculated using the treasury stock method and the average market price during the period.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 10, 2025 | Showing above |
| 2024 | Dec 12, 2024 | |
| 2023 | Dec 14, 2023 | |
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.