Note 19 - Earnings Per Share

3 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

19. EARNINGS PER SHARE

Options to purchase 741,750 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of September 30, 2024. 180,500 stock options were excluded in the computation of diluted earnings per share (“EPS”) for the three months ended September 30, 2024, because they were anti-dilutive.

Options to purchase 684,375 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of September 30, 2023. 111,500 stock options were excluded in the computation of EPS for the three months ended September 30, 2023, because they were anti-dilutive. 

The following table is a reconciliation of the weighted average shares used in the computation of basic and diluted EPS for the period presented herein:

	Three Months Ended
	Sept. 30,			Sept. 30,
	2024			2023
	(Unaudited)			(Unaudited)
(Loss) / Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	(240	)	$	227
Income attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		4			3
Net (Loss) / Income Attributable to Trio-Tech International Common Shareholders	$	(236	)	$	230
Weighted average number of common shares outstanding - basic		4,250			4,096
Dilutive effect of stock options		85			184
Number of shares used to compute earnings per share - diluted		4,335			4,280
Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International	$	(0.06	)	$	0.06
Basic earnings per share from discontinued operations attributable to Trio-Tech International		-			-
Basic (Loss) / Earnings per Share from Net (Loss) / Income Attributable to Trio-Tech International	$	(0.06	)	$	0.06
Diluted (loss) / earnings per share from continuing operations attributable to Trio-Tech International	$	(0.06	)	$	0.05
Diluted earnings per share from discontinued operations attributable to Trio-Tech International		-			-
Diluted (Loss) / Earnings per Share from Net (Loss) / Income Attributable to Trio-Tech International (1*)	$	(0.06	)	$	0.05

(1*) For periods in which the Company has reported net loss, diluted net loss per share attributable to common stockholders is the same as basic net loss per share attributable to common stockholders, because dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.