Quarterly report [Sections 13 or 15(d)]

(Loss) Income per Share (Tables)

v3.25.2
(Loss) Income per Share (Tables)
3 Months Ended
Aug. 31, 2025
Income (loss) per Common Share  
Schedule of reconciliation of the numerators and denominators of basic and diluted net (loss) income per share

Three months ended August 31,

(in thousands, except per share amounts)

2025

2024

Numerator:

Net (loss) income

$

(5,540)

$

19,227

Less: Accrued preferred stock dividends

(373)

(372)

Basic net (loss) income applicable to common stockholders

(5,913)

18,855

Reallocation of undistributed earnings as a result of conversion of preferred stock

372

Diluted net (loss) income applicable to common stockholders

$

(5,913)

$

19,227

Denominator:

Basic weighted average common shares outstanding

1,252,551

1,135,043

Effect of dilutive securities:

Warrant exercises

25,450

Preferred stock conversions

37,794

Diluted weighted average common shares outstanding

1,252,551

1,198,287

Basic (loss) income per share

$

(0.00)

$

0.02

Diluted (loss) income per share

$

(0.00)

$

0.02

Schedule of securities excluded from computation of earnings per share

Three months ended August 31,

(in thousands)

2025

    

2024

Stock options, PSUs, and warrants

254,959

232,597

Convertible notes

12,000

12,000

Convertible preferred stock

40,761