11.  NET INCOME (LOSS) PER SHARE

 

The following table sets forth the computation of basic and diluted net income (loss) per share as follows:

 

 

 

Years Ended January 31,

(000’s except share information)

 

 

 

2025

 

 

2024

 

Numerator – Net (Loss) Income

 

$(18,075)

 

$5,425

 

 

 

 

 

 

 

 

 

 

Denominator for basic net (loss) income per share (weighted-average shares which reflect 1,358,208 treasury shares at January 31, 2025 and 2024, respectively)

 

 

7,426,401

 

 

 

7,352,356

 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options

 

 

-

 

 

 

187,349

 

Denominator for diluted net income per share (adjusted weighted average shares)

 

 

7,426,401

 

 

 

7,539,705

 

 

 

 

 

 

 

 

 

 

Basic net (loss) income per share

 

$(2.43)

 

$0.74

 

Diluted net (loss) income per share

 

$(2.43)

 

$0.72

 

Historical Timeline

Fiscal YearFiled
2025Apr 17, 2025Showing above
2019Apr 16, 2019
2018Apr 16, 2018
2017Apr 26, 2017

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.