FREQUENCY ELECTRONICS INC Earnings Per Share Disclosure
2. Earnings per Share
Reconciliations of the weighted average shares outstanding for basic and diluted earnings per share for the fiscal years ended April 30, 2025 and 2024, respectively, were as follows:
| For
the Fiscal Years Ended April 30, | ||||||||
| 2025 | 2024 | |||||||
| Weighted average shares outstanding: | ||||||||
| Basic EPS Shares outstanding (weighted average) | 9,611,914 | 9,431,264 | ||||||
| Effect of Dilutive Securities | 2,622 | |||||||
| Diluted EPS Shares outstanding | 9,614,536 | 9,431,264 | ||||||
| ** | Dilutive securities above exclude any such securities whose affect would be anti-dilutive. For the fiscal year ended April 30, 2024 all securities would be anti-dilutive because the current stock price is below the exercise price. There were no shares excluded for the fiscal year ended April 30, 2025. The anti-dilutive shares excluded in the above table for the fiscal year ended April 30, 2024 were 86,000. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jul 18, 2025 | Showing above |
| 2024 | Aug 2, 2024 | |
| 2023 | Jul 27, 2023 | |
| 2022 | Jul 14, 2022 | |
| 2021 | Jun 30, 2021 | |
| 2020 | Jul 29, 2020 | |
| 2019 | Jul 26, 2019 | |
| 2018 | Jul 30, 2018 | |
| 2017 | Jul 31, 2017 | |
| 2016 | Jul 29, 2016 | |
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.