​

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

​

​

Years ended May 31,

(in thousands, except per share amounts)

​

2025

​

2024

Numerator:

​

​

​

​

​

​

Net income (loss)

​

$

3,745

​

$

(49,841)

Less: Accrued preferred stock dividends

​

​

(1,483)

​

​

(1,483)

Net income (loss) applicable to common stockholders

​

$

2,261

​

$

(51,324)

Denominator:

​

​

​

​

​

​

Basic weighted average common shares outstanding

​

​

1,205,755

​

​

969,509

Effect of dilutive securities:

​

​

​

​

​

​

Warrant exercises

​

​

34,821

​

​

—

Option exercises

​

​

2,346

​

​

—

Diluted weighted average common shares outstanding

​

​

1,242,922

​

​

969,509

​

​

​

​

​

​

​

Basic income (loss) per share

​

​

0.00

​

​

(0.05)

Diluted income (loss) per share

​

​

0.00

​

​

(0.05)