Note 7 - Loss Per Share

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 7. Loss per Share

Net income (loss) per common share is calculated in accordance with ASC Topic 260: Earnings per Share (“ASC 260”). Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding as they would be anti-dilutive. In periods where the Company has a net loss, all dilutive securities are excluded.

The components of basic and diluted EPS were as follows (in thousands, except per share data). 

	Three Months Ended September 30,					Nine Months Ended September 30,
	2024			2023		2024			2023
Net (loss) income attributable to NextPlat Corp common shareholders	$	(4,216	)	$	3,448	$	(11,008	)	$	(2,080	)
Basic weighted average common shares outstanding		18,982			18,703		18,844			17,079
Potentially dilutive common shares		—			1,607		—			—
Diluted weighted average common shares outstanding		18,982			20,310		18,844			17,079
Weighted average (loss) earnings per common share - basic	$	(0.22	)	$	0.18		(0.58	)	$	(0.12	)
Weighted average (loss) earnings per common share - diluted	$	(0.22	)	$	0.17	$	(0.58	)	$	(0.12	)
Potentially dilutive common shares excluded from the calculation of diluted weighted average (loss) earnings per common share:
Stock options		7			232		38			162
Common stock purchase warrants		—			1,375		—			876
		7			1,607		38			1,038