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

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Three months ended August 31,

(in thousands, except per share amounts)

2025

​

2024

Numerator:

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​

​

​

​

Net (loss) income

$

(5,540)

​

$

19,227

Less: Accrued preferred stock dividends

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(373)

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​

(372)

Basic net (loss) income applicable to common stockholders

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(5,913)

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​

18,855

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

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—

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​

372

Diluted net (loss) income applicable to common stockholders

$

(5,913)

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$

19,227

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Denominator:

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Basic weighted average common shares outstanding

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1,252,551

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1,135,043

Effect of dilutive securities:

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Warrant exercises

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—

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25,450

Preferred stock conversions

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—

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​

37,794

Diluted weighted average common shares outstanding

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1,252,551

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1,198,287

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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

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Three months ended August 31,

​

(in thousands)

2025

    

2024

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Stock options, PSUs, and warrants

254,959

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232,597

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Convertible notes

12,000

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12,000

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Convertible preferred stock

40,761

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—

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