Jerash Holdings (US), Inc. Earnings Per Share Disclosure
NOTE 14 – LOSS PER SHARE
The following table sets forth the computation of basic and diluted loss per share for the fiscal years ended March 31, 2025 and 2024. As of March 31, 2025, 1,061,440 RSUs and stock options were outstanding. For the fiscal year ended March 31, 2025, all RSUs and stock options were excluded from the EPS calculation as the result would be anti-dilutive. For the fiscal year ended March 31, 2024, 1,470,140 RSUs and stock options were excluded from the EPS calculation, respectively, as they were anti-dilutive.
| Fiscal Year Ended | ||||||||
| March 31, | ||||||||
| (in $000s except share and | ||||||||
| per share information) | ||||||||
| 2025 | 2024 | |||||||
| Numerator: | ||||||||
| Net loss attributable to Jerash Holdings (US), Inc.’s Common Stockholders | $ | (848 | ) | $ | (2,005 | ) | ||
| Denominator: | ||||||||
| Denominator for basic earnings per share (weighted-average shares) | 12,329,021 | 12,294,840 | ||||||
| Dilutive securities – unexercised warrants and options | ||||||||
| Denominator for diluted earnings per share (adjusted weighted-average shares) | 12,329,021 | 12,294,840 | ||||||
| Basic and diluted loss per share | $ | (0.07 | ) | $ | (0.16 | ) | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 26, 2025 | Showing above |
| 2024 | Jun 28, 2024 | |
| 2023 | Jun 28, 2023 | |
| 2022 | Jun 27, 2022 | |
| 2021 | Jun 23, 2021 | |
| 2020 | Jun 29, 2020 | |
| 2019 | Jun 28, 2019 | |
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.