Ispire Technology Inc. Earnings Per Share Disclosure
NOTE 17. LOSS PER SHARE
The following table presents a reconciliation of basic net loss per share:
| Years ended June 30, | ||||||||
| 2025 | 2024 | |||||||
| Net loss | $ | (39,240,226 | ) | $ | (14,767,822 | ) | ||
| Weighted average basic and diluted ordinary shares outstanding | 56,853,552 | 54,812,900 | ||||||
| Net loss per basic and diluted share of common stock | $ | (0.69 | ) | $ | (0.27 | ) | ||
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.