GEOSPACE TECHNOLOGIES CORP Earnings Per Share Disclosure
18. Loss Per Common Share
Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares used in basic loss per share during the period. Diluted loss per share is determined on the assumption that outstanding RSUs have been exchanged for common stock and outstanding dilutive stock options have been exercised and the aggregate proceeds as defined were used to reacquire common stock using the average price of such common stock for the period.
The following table summarizes the calculation of net loss and weighted average common shares and common equivalent shares outstanding for purposes of the computation of loss per share (in thousands, except share and per share amounts):
| YEAR ENDED SEPTEMBER 30, | ||||||||
| 2025 | 2024 | |||||||
| Net loss | $ | (9,724 | ) | $ | (6,578 | ) | ||
| Less: loss allocable to unvested restricted stock | — | — | ||||||
| Loss attributable to common shareholders for diluted loss per share | $ | (9,724 | ) | $ | (6,578 | ) | ||
| Weighted average number of common share equivalents: | ||||||||
| Common shares used in basic loss per share | 12,793,075 | 13,151,600 | ||||||
| Common share equivalents outstanding related to RSUs | — | — | ||||||
| Total weighted average common shares and common share equivalents used in diluted loss per share | 12,793,075 | 13,151,600 | ||||||
| Loss per share: | ||||||||
| Basic | $ | (0.76 | ) | $ | (0.50 | ) | ||
| Diluted | $ | (0.76 | ) | $ | (0.50 | ) | ||
For the calculation of diluted loss per share for fiscal years 2025 and 2024, RSUs of 332,693 and 408,895, respectively, were excluded in the calculation of weighted average shares outstanding as a result of their impact being antidilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 21, 2025 | Showing above |
| 2024 | Nov 22, 2024 | |
| 2023 | Nov 17, 2023 | |
| 2022 | Nov 18, 2022 | |
| 2021 | Nov 19, 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.