RenovoRx, Inc. Earnings Per Share Disclosure
11. Net Loss per Share
Basic and diluted net loss per common share was calculated as follows (in thousands except per share amounts):
|
|
Years Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Numerator: |
|
|
|
|
|
|
||
Net loss |
|
$ |
(11,168 |
) |
|
$ |
(8,814 |
) |
Denominator: |
|
|
|
|
|
|
||
Weighted average shares used in computing net loss per share – basic and diluted |
|
|
35,333,127 |
|
|
|
22,271,163 |
|
Net loss per share – basic and diluted |
|
$ |
(0.32 |
) |
|
$ |
(0.40 |
) |
For the years ended December 31, 2025, and 2024, the Company had a net loss and as such, all outstanding shares of potentially dilutive securities were excluded from the calculation of diluted net loss per share as the inclusion would be anti-dilutive.
Potentially dilutive securities not included in the computation of diluted net loss per share because to do so would be antidilutive are as follows (in common stock equivalent shares):
|
|
Years Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Options to purchase common stock |
|
|
4,417,727 |
|
|
|
726,399 |
|
Common stock warrants |
|
|
24,991,784 |
|
|
|
19,172,067 |
|
Total |
|
|
29,409,511 |
|
|
|
19,898,466 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 30, 2026 | Showing above |
| 2024 | Apr 1, 2025 | |
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.