GAIA, INC Earnings Per Share Disclosure
10. Loss Per Share
Basic loss per share is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted loss per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential shares of common stock outstanding during the period (“Common stock equivalents”). Common stock equivalents consist of incremental shares issuable upon the assumed exercise of stock options and vesting of restricted stock units utilizing the treasury stock method. There were no common stock equivalents for 2024 and 2023. The computation of loss per share is as follows:
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For the Year Ended December 31, |
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(in thousands, except per share data) |
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2024 |
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2023 |
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Loss per share, basic and diluted: |
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Net loss attributable to common shareholders |
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$ |
(5,233 |
) |
|
$ |
(5,802 |
) |
Shares used in computation: |
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Weighted-average common stock outstanding |
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23,335 |
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21,501 |
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Weighted-average number of shares |
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23,335 |
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|
21,501 |
|
Loss per share, basic and diluted |
|
$ |
(0.22 |
) |
|
$ |
(0.27 |
) |
We excluded the effect of the below elements from our calculation of diluted loss per share, as their inclusion would have been anti-dilutive, as there were no earnings attributable to common shareholders.:
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For the Year Ended December 31, |
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(in thousands) |
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2024 |
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2023 |
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Employee stock options and restricted stock units |
|
|
1,485 |
|
|
|
1,762 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 10, 2025 | Showing above |
| 2021 | Feb 28, 2022 | |
| 2020 | Mar 2, 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.