Clearfield, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 2 - Net (Loss) Income Per Share

Note 2 - Net (Loss) Income Per Share

6 Months Ended

Mar. 31, 2026

Note 2. Net (Loss) Income Per Share

Basic net (loss) income per common share (“EPS”) is computed by dividing net (loss) income by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net (loss) income 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 (loss) income per common share computations for the three and six months ended March 31, 2026, and 2025:

	Three Months Ended March 31,						Six Months Ended March 31,
(In thousands, except share data)	2026			2025			2026			2025
Net (loss) income	$	(528	)	$	1,327		$	(1,142	)	$	(579	)
Net (loss) income from continuing operations		(528	)		2,548			(805	)		2,193
Weighted average common shares		13,670,470			14,095,341			13,771,086			14,154,830
Dilutive potential common shares		-			-			-			-
Weighted average dilutive common shares outstanding		13,670,470			14,095,341			13,771,086			14,154,830
Net (loss) income per share:
Basic
Continuing operations	$	(0.04	)	$	0.18		$	(0.06	)	$	0.16
Discontinued operations	$	-		$	(0.09	)	$	(0.02	)	$	(0.20	)
Diluted
Continuing operations	$	(0.04	)	$	0.18		$	(0.06	)	$	0.16
Discontinued operations	$	-		$	(0.09	)	$	(0.02	)	$	(0.20	)

For the three and six months ended March 31, 2026, 139,791 and 185,779 stock options, as well as 51,838 and 60,477 performance stock units respectively, were not included in the computation of diluted net (loss) income per share because the effect would have been anti-dilutive. For the three and six months ended March 31, 2025, 400,266 and 402,551 stock options as well as 76,121 and 76,121 performance stock units, respectively, were not included in the computation of diluted net (loss) income per share because the effect would have been anti-dilutive.