Clearfield, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Net Income Per Share

Note 2 - Net Income Per Share

3 Months Ended

Dec. 31, 2023

Note 2. Net Income (Loss) Per Share

Basic net income (loss) per common share (“EPS”) is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net income (loss) divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options, when dilutive.

The following is a reconciliation of the numerator and denominator of the net income (loss) per common share computations for the three months ended December 31, 2023, and 2022:

	Three Months Ended December 31,
	2023			2022
Net (loss) income	$	(5,268,000	)	$	14,255,000
Weighted average common shares		15,212,945			14,165,550
Dilutive potential common shares		-			119,297
Weighted average dilutive common shares outstanding		15,212,945			14,284,847
Net (loss) income per common share:
Basic	$	(0.35	)	$	1.01
Diluted	$	(0.35	)	$	1.00