Annual report [Section 13 and 15(d), not S-K Item 405]

Income (loss) per Common Share (Tables)

v3.26.1
Income (loss) per Common Share (Tables)
 12 Months Ended
May 31, 2026
Income (loss) per Common Share  
Schedule of reconciliation of the numerators and denominators of basic and diluted net (loss) income per share

 

 

Years ended May 31,

 

(in thousands, except per share amounts)

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

Net (loss) income

 

$

 

(42,699

)

 

$

 

3,745

 

Less: Accrued preferred stock dividends

 

 

 

(1,481

)

 

 

 

(1,483

)

Basic net (loss) income applicable to common stockholders

 

 

 

(44,180

)

 

 

 

2,262

 

Diluted net (loss) income applicable to common stockholders

 

$

 

(44,180

)

 

$

 

2,262

 

Denominator:

 

 

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

 

 

1,289,302

 

 

 

 

1,205,755

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Warrant exercises

 

 

 

—

 

 

 

 

34,821

 

Preferred stock conversions

 

 

 

—

 

 

 

 

2,346

 

Diluted weighted average common shares outstanding

 

 

 

1,289,302

 

 

 

 

1,242,922

 

Basic (loss) income per share

 

$

 

(0.03

)

 

$

 

0.00

 

Diluted (loss) income per share

 

$

 

(0.03

)

 

$

 

0.00

 
Schedule of securities excluded from computation of earnings per share

 

Year ended May 31,

 

(in thousands)

2026

 

 

2025

 

Stock options, PSUs, and warrants

 

360,022

 

 

 

217,785

 

Convertible notes

 

12,000

 

 

 

12,000

 

Convertible preferred stock

 

42,498

 

 

 

40,013