Note 16 - Net Loss Per Share

3 Months Ended

Apr. 30, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

(16)    Net Loss Per Share

Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method.

The following sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

	Three Months			Three Months
	Ended			Ended
	April 30, 2023			April 30, 2022
Net income (loss) from continuing operations	$	(43,542	)	$	(23,094	)
Net income (loss) from discontinued operations		(682	)		1,451
Net income (loss)	$	(44,224	)	$	(21,643	)
Weighted average common shares outstanding:
Ordinary – Basic and diluted		163,154			142,209
Net income (loss) per share:
Ordinary – Basic and diluted - continuing operations	$	(0.27	)	$	(0.16	)
Ordinary – Basic and diluted - discontinued operations		—			0.01
Ordinary – Basic and diluted	$	(0.27	)	$	(0.15	)

During the three months ended April 30, 2023 and 2022, the Company incurred net losses and, therefore, the effect of the Company’s potentially dilutive securities was not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following contains share/unit totals with a potentially dilutive impact (in thousands):

	Three Months		Three Months
	Ended		Ended
	April 30, 2023		April 30, 2022
Warrants to purchase common shares		61,967		61,967
Stock options		2,198		2,826
RSUs		23,108		9,995
Total		87,273		74,788