Byrna Technologies Inc. Earnings Per Share Disclosure
| 14. | EARNINGS PER SHARE |
Diluted earnings per share (“EPS”) includes the effect of potentially dilutive common stock equivalents, including stock options and restricted stock units (“RSUs”), to the extent such securities are dilutive. Basic EPS is computed using the weighted‑average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted.
| November 30, | ||||||||
| 2025 | 2024 | |||||||
| Net income | $ | 9,687 | $ | 12,792 | ||||
| Weighted-average number of shares used in computing net income per share, basic | 22,665,395 | 22,504,938 | ||||||
| Weighted-average number of shares used in computing net income per share, diluted | 24,149,794 | 23,139,549 | ||||||
| Net income per share - basic | $ | 0.43 | $ | 0.57 | ||||
| Net income per share - diluted | $ | 0.40 | $ | 0.55 | ||||
The Company’s potential dilutive securities, which include stock options and RSUs have been excluded from the computation of diluted net income per share as the effect would be anti-dilutive. The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net income per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:
| November 30, | ||||||||
| 2025 | 2024 | |||||||
| Stock options | — | 256,423 | ||||||
| Restricted stock | 29,233 | 19,374 | ||||||
| Total | 29,233 | 275,797 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 5, 2026 | Showing above |
| 2024 | Feb 7, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 9, 2023 | |
| 2021 | Feb 11, 2022 | |
| 2020 | Feb 26, 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.