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

Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Net Income (Loss) Per Share

Note 2 - Net Income (Loss) Per Share

6 Months Ended

Mar. 31, 2024

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 and six months ended March 31, 2024, and 2023:

	Three Months Ended March 31,					Six Months Ended March 31,
(In thousands, except for share data)	2024			2023		2024			2023
Net (loss) income	$	(5,911	)	$	10,364	$	(11,179	)	$	24,619
Weighted average common shares		14,629,489			15,233,848		14,922,811			14,693,829
Dilutive potential common shares		-			26,921		-			73,109
Weighted average dilutive common shares outstanding		14,629,489			15,260,769		14,922,811			14,766,938
Net (loss) income per common share:
Basic	$	(0.40	)	$	0.67	$	(0.75	)	$	1.68
Diluted	$	(0.40	)	$	0.67	$	(0.75	)	$	1.67