AWARE INC /MA/ Earnings Per Share Disclosure
12. NET LOSS PER SHARE
The number of common shares used in the computation of diluted net loss per share for the periods presented does not include the effect of the following potentially outstanding common shares because the effect would have been anti-dilutive (in thousands):
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Year ended |
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2025 |
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2024 |
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Stock options |
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2,390 |
|
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|
1,573 |
|
Net loss per share is calculated as follows (in thousands, except per share data):
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Year ended |
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2025 |
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2024 |
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Net loss |
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|
(5,873 |
) |
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|
(4,431 |
) |
Shares outstanding: |
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Weighted-average common shares outstanding |
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21,183 |
|
|
|
21,139 |
|
Additional dilutive common stock equivalents |
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|
— |
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|
— |
|
Diluted shares outstanding |
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|
21,183 |
|
|
|
21,139 |
|
Net loss per share – basic |
|
$ |
(0.28 |
) |
|
$ |
(0.21 |
) |
Net loss per share - diluted |
|
$ |
(0.28 |
) |
|
$ |
(0.21 |
) |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 6, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 15, 2023 | |
| 2021 | Mar 15, 2022 | |
| 2020 | Feb 17, 2021 | |
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.