Palladyne AI Corp. Earnings Per Share Disclosure
11. Net Income (Loss) Per Share
The following table sets forth the computation of the basic and diluted net income (loss) per share attributable to common stockholders for the twelve months ended December 31, 2025 and 2024, respectively:
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|
Year Ended December 31, |
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(In thousands, except share and per share data) |
|
2025 |
|
|
2024 |
|
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Numerator: |
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|
|
|
|
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Net income (loss) |
|
$ |
10,039 |
|
|
$ |
(72,617 |
) |
Denominator: |
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|
|
|
|
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||
Weighted average shares outstanding, basic |
|
|
38,841,116 |
|
|
|
26,774,895 |
|
Dilutive effect of potential common shares |
|
|
3,284,816 |
|
|
|
— |
|
Weighted average shares outstanding, diluted |
|
|
42,125,932 |
|
|
|
26,774,895 |
|
Basic net income (loss) per share |
|
$ |
0.26 |
|
|
$ |
(2.71 |
) |
Diluted net income (loss) per share |
|
$ |
0.24 |
|
|
$ |
(2.71 |
) |
Anti-dilutive securities, excluded |
|
|
5,859,044 |
|
|
|
14,812,452 |
|
Potentially dilutive shares, which are based on the weighted-average shares of common stock, stock options, unvested stock units, unvested stock awards, purchase rights granted under the employee stock purchase plan and warrants using the treasury stock method are included when calculating diluted net income (loss) per share attributable to the Company when their effect is dilutive. Because the Company incurred a net loss for the twelve months ended December 31, 2024 none of the potentially dilutive common shares were included in the diluted share calculation for that period as they would have been anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 5, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 28, 2024 | |
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.