EDAP TMS SA Earnings Per Share Disclosure
24— LOSS PER SHARE
Year Ended December 31, | ||||||
| 2025 | | 2024 | |||
Loss available to common shareholders (in US dollar) | $ | (29,246,182) | $ | (20,584,271) | ||
Weighted average number of shares for the computation of basic EPS |
| 37,442,155 |
| 37,286,446 | ||
Basic EPS (in US dollar) | $ | (0.78) | $ | (0.55) | ||
Effect of dilutive securities |
| 1,887,997 |
| 903,889 | ||
Weighted average number of shares for the computation of diluted EPS |
| 37,442,155 |
| 37,286,446 | ||
Diluted EPS loss (in US dollar) | $ | (0.78) | $ | (0.55) | ||
Diluted EPS loss available to common shareholders is computed including all dilutive securities that are in the money.
The effects of dilutive securities for the years ended December 31, 2025 and 2024 were excluded from the calculation of diluted earnings per share as a net loss was reported in this period.
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.