Contango Silver & Gold Inc. Earnings Per Share Disclosure
6. Net Loss Per Share
A reconciliation of the components of basic and diluted net loss per share of common stock is presented in the tables below:
|
|
Fiscal Year Ended |
|
|
Six Months Ended |
|
|
Fiscal Year Ended |
|
|||
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
|
June 30, 2023 |
|
|||
Net loss attributable to common stock |
|
$ |
(38,030,291 |
) |
|
$ |
(40,766,308 |
) |
|
$ |
(39,741,300 |
) |
Weighted average shares for basic EPS |
|
|
10,896,228 |
|
|
|
9,180,032 |
|
|
|
7,087,027 |
|
Effect of dilutive securities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Weighted average shares for diluted EPS |
|
|
10,896,228 |
|
|
|
9,180,032 |
|
|
|
7,087,027 |
|
Basic EPS |
|
$ |
(3.49 |
) |
|
$ |
(4.44 |
) |
|
$ |
(5.61 |
) |
Diluted EPS |
|
$ |
(3.49 |
) |
|
$ |
(4.44 |
) |
|
$ |
(5.61 |
) |
There were 100,000 options and 726,375 warrants outstanding as of December 31, 2024. There were 100,000 options and 401,000 warrants outstanding as of December 31, 2023 and June 30, 2023. The options and warrants were not included in the computation of diluted earnings per share for the fiscal year ended December 31, 2024, six months ended December 31, 2023 and fiscal year ended June 30, 2023 due to being anti-dilutive.
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.