Outdoor Holding Co Earnings Per Share Disclosure
NOTE 3 – INCOME/(LOSS) PER COMMON SHARE
We calculate basic income/(loss) per share using the weighted average number of common shares outstanding during each period. Diluted earnings per share assumes the conversion, exercise or issuance of all potential common stock equivalents unless the effect is to reduce a loss or increase the income per share. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options (using the treasury stock method), the exercise of warrants (using the if-converted method) and the vesting of stock awards.
|
|
For the Year Ended March 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Numerator: |
|
|
|
|
|
|
|
|
|
|||
Net income/(loss) from continuing operations |
|
$ |
(65,221,463 |
) |
|
$ |
(5,350,176 |
) |
|
$ |
3,622,641 |
|
Less: Preferred stock dividends |
|
|
(3,105,036 |
) |
|
|
(3,122,049 |
) |
|
|
(3,105,034 |
) |
Net income/(loss) before discontinued operations |
|
|
(68,326,499 |
) |
|
|
(8,472,225 |
) |
|
|
517,607 |
|
Net loss from discontinued operations, net of tax |
|
|
(65,612,137 |
) |
|
|
(11,243,433 |
) |
|
|
(12,389,327 |
) |
Net loss attributable to common stockholders |
|
$ |
(133,938,636 |
) |
|
$ |
(19,715,658 |
) |
|
$ |
(11,871,720 |
) |
|
|
|
|
|
|
|
|
|
|
|||
Denominator: |
|
|
|
|
|
|
|
|
|
|||
Weighted average shares of common stock - Basic |
|
|
117,642,232 |
|
|
|
118,249,486 |
|
|
|
117,177,885 |
|
Effect of dilutive common stock purchase warrants |
|
|
|
|
|
|
|
|
|
|||
Effect of dilutive equity incentive awards |
|
|
|
|
|
|
|
|
|
|||
Weighted average shares of common stock - Diluted |
|
|
117,642,232 |
|
|
|
118,249,486 |
|
|
|
117,177,885 |
|
|
|
|
|
|
|
|
|
|
|
|||
Basic loss per share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|||
Continuing operations |
|
$ |
(0.58 |
) |
|
$ |
(0.07 |
) |
|
$ |
0.00 |
|
Discontinued operations |
|
$ |
(0.56 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.11 |
) |
Total basic loss per share attributable to common stockholders |
|
$ |
(1.14 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.11 |
) |
|
|
|
|
|
|
|
|
|
|
|||
Diluted loss per share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|||
Continuing operations |
|
$ |
(0.58 |
) |
|
$ |
(0.07 |
) |
|
$ |
0.00 |
|
Discontinued operations |
|
$ |
(0.56 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.11 |
) |
Total diluted loss per share attributable to common stockholders |
|
$ |
(1.14 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.11 |
) |
The following table presents the number of shares excluded from the calculation of diluted net loss per share attributable to common stockholders:
|
|
For the Year Ended March 31, |
|
|||||||||
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Common stock options |
|
|
275,000 |
|
|
|
175,000 |
|
|
|
- |
|
Non-vested stock awards |
|
|
215,196 |
|
|
|
1,540,524 |
|
|
|
2,204,659 |
|
Warrants |
|
|
1,721,296 |
|
|
|
1,808,870 |
|
|
|
2,560,986 |
|
Total shares excluded from diluted net loss per share |
|
|
2,211,492 |
|
|
|
3,524,394 |
|
|
|
4,765,645 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 16, 2025 | Showing above |
| 2024 | Jun 13, 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.