Annual report [Section 13 and 15(d), not S-K Item 405]

Note 21 - Net Income (Loss) Per Share

v3.25.1
Note 21 - Net Income (Loss) Per Share
12 Months Ended
Jan. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

(21) Net Income (Loss) Per Share

 

Basic earnings (loss) per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method.

 

The following sets forth the computation of basic and diluted earnings (loss) per share (in thousands, except for the number of shares and per share data):

 

   

Twelve Months Ended January 31,

 
   

2025

   

2024

   

2023

 

Net income (loss) from continuing operations

  $ (121,908 )   $ (348,603 )   $ (790,066 )

Net income (loss) from discontinued operations

          (682 )     65,102  

Net income (loss)

  $ (121,908 )   $ (349,285 )   $ (724,964 )
                         

Weighted average common shares outstanding:

                       

Basic and diluted

    8,200,077       8,051,593       7,944,019  
                         

Net income (loss) per share:

                       

Basic and diluted - continuing operations

  $ (14.87 )   $ (43.29 )   $ (99.45 )

Basic and diluted - discontinued operations

          (0.09 )     8.19  

Basic and diluted

  $ (14.87 )   $ (43.38 )   $ (91.26 )

 

During the fiscal 2025, fiscal 2024 and fiscal 2023, the Company incurred net losses and, therefore, the effect of the Company’s potentially dilutive securities was not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following contains share/unit totals with a potentially dilutive impact, which excludes the effect of the treasury stock method (in thousands):

 

   

Twelve Months Ended January 31,

 
   

2025

   

2024

   

2023

 

Common stock underlying warrants

    3,098       3,098       3,098  

RSUs

    1,218       919       721  

Stock options

    60       89       116  

Total

    4,376       4,106       3,935