NOTE 11. EARNINGS PER SHARE

 

The following table presents the computation of basic and diluted net loss per common share:

  

Numerator:  2025   2024 
   For the Years Ended 
   June 30, 
Numerator:  2025   2024 
Net loss  $(2,552,651)  $(6,394,295)
Denominator:          
Weighted-average common shares outstanding
for basic and diluted net loss per share
   19,633,374    16,681,234 
           
Basic and diluted net loss per share  $(0.13)  $(0.38)

 

 

THE GLIMPSE GROUP, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Potentially dilutive securities, on a weighted average basis, that were not included in the calculation of diluted net loss per share attributable to common stockholders because their effect would be anti-dilutive are as follows (in common equivalent shares):

  

   2025   2024 
   For the Years Ended 
   June 30 
   2025   2024 
Options   5,050,533    6,583,972 
Warrants   

813,500

    837,500 
Total   

5,864,033

    7,421,472 

 

 

Stock options above include 1,980,000 and 2,100,000 executive Target Options as of June 30, 2025 and 2024, respectively. Vesting of these is considered remote.

 

Historical Timeline

Fiscal YearFiled
2025Sep 29, 2025Showing above
2024Sep 30, 2024
2023Sep 28, 2023
2022Sep 28, 2022
2021Sep 28, 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.