Note 19 - Earnings Per Share

6 Months Ended

Dec. 31, 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 December 31, 2024. 140,500 stock options were excluded in the computation of diluted earnings per share (“EPS”) for the three and six months ended December 31, 2024, because they were anti-dilutive.

Options to purchase 617,000 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of December 31, 2023. 284,500 stock options were excluded in the computation of EPS for the three and six months ended December 31, 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					Six Months Ended
	Dec. 31,			Dec. 31,		Dec. 31,		Dec. 31,
	2024			2023		2024		2023
	(Unaudited)			(Unaudited)		(Unaudited)		(Unaudited)
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	511		$	503	$	271	$	730
Income attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		(4	)		4		-		7
Net Income Attributable to Trio-Tech International Common Shareholders	$	507		$	507	$	271	$	737
Weighted average number of common shares outstanding - basic		4,250			4,120		4,250		4,109
Dilutive effect of stock options		153			139		119		161
Number of shares used to compute earnings per share - diluted		4,403			4,259		4,369		4,270
Basic earnings per share from continuing operations attributable to Trio-Tech International	$	0.12		$	0.12	$	0.06	$	0.18
Basic earnings per share from discontinued operations attributable to Trio-Tech International		-			-		-		-
Basic Earnings per Share from Net Income Attributable to Trio-Tech International	$	0.12		$	0.12	$	0.06	$	0.18
Diluted earnings per share from continuing operations attributable to Trio-Tech International	$	0.12		$	0.12	$	0.06	$	0.17
Diluted earnings per share from discontinued operations attributable to Trio-Tech International		-			-		-		-
Diluted Earnings per Share from Net Income Attributable to Trio-Tech International (1*)	$	0.12		$	0.12	$	0.06	$	0.17

(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.