Identiv, Inc. Earnings Per Share Disclosure
Note 10. Net Income (Loss) per Common Share
Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders during the period by the weighted average number of common shares outstanding during that period. Diluted net income (loss) per common share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock or the if-converted method of accounting.
The calculations for basic and diluted net income (loss) per common share are as follows:
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Net loss from continuing operations |
|
$ |
(18,003 |
) |
|
$ |
(25,911 |
) |
Net income from discontinued operations, net of tax |
|
|
— |
|
|
|
100,731 |
|
Net income (loss) |
|
|
(18,003 |
) |
|
|
74,820 |
|
Less: accretion of Series B Preferred Stock dividends |
|
|
(824 |
) |
|
|
(883 |
) |
Net income (loss) available to common stockholders |
|
$ |
(18,827 |
) |
|
$ |
73,937 |
|
|
|
|
|
|
|
|
||
Weighted average common shares outstanding - basic and diluted |
|
|
23,782 |
|
|
|
23,581 |
|
|
|
|
|
|
|
|
||
Basic and diluted net income (loss) per common share: |
|
|
|
|
|
|
||
Continuing operations |
|
$ |
(0.79 |
) |
|
$ |
(1.14 |
) |
Discontinued operations, net of tax |
|
$ |
— |
|
|
$ |
4.27 |
|
Net income (loss) per common share |
|
$ |
(0.79 |
) |
|
$ |
3.14 |
|
The following common stock equivalents have been excluded from diluted net income (loss) per share for the fiscal years presented below because their inclusion would have been anti-dilutive (in thousands):
|
|
December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Shares of common stock subject to outstanding RSUs |
|
|
792 |
|
|
|
807 |
|
Shares of common stock subject to outstanding PSUs |
|
|
300 |
|
|
|
418 |
|
Shares of common stock subject to outstanding stock options |
|
|
— |
|
|
|
444 |
|
Shares of common stock issuable upon conversion of Series B Preferred Stock |
|
|
7,074 |
|
|
|
6,868 |
|
Total |
|
|
8,166 |
|
|
|
8,537 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 26, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
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.