BioCardia, Inc. Earnings Per Share Disclosure
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(11) |
Net Loss per Share |
The following table sets forth the computation of the basic and diluted net loss per share for the years ended December 31, 2025 and 2024 (in thousands, except share and per share data):
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2025 |
2024 |
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|
Net loss |
$ | (8,228 | ) | $ | (7,946 | ) | ||
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Weighted average shares used to compute net loss per share, basic and diluted |
6,666,943 | 2,743,828 | ||||||
|
Net loss per share, basic and diluted |
$ | (1.23 | ) | $ | (2.90 | ) | ||
The following outstanding common stock equivalents were excluded from the computation of diluted net loss per share for the years presented because including them would have been antidilutive:
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December 31, |
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2025 |
2024 |
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Stock options to purchase common stock |
485,203 | 168,184 | ||||||
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Common stock warrants |
7,944,618 | 2,467,104 | ||||||
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Total |
8,429,821 | 2,635,288 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 24, 2026 | Showing above |
| 2024 | Mar 26, 2025 | |
| 2023 | Mar 27, 2024 | |
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.