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EARNINGS PER SHARE
3 Months Ended
Sep. 30, 2025
EARNINGS PER SHARE  
Earnings Per Share

3. EARNINGS PER SHARE

Basic earnings per share is computed using the weighted-average number of shares of common stock outstanding. In periods where net income is reported, the weighted-average number of shares is increased by stock options in the money, shares issuable for RSUs subject to service-based vesting requirements, and the warrants in the money to calculate diluted earnings per share.

The following table represents the calculation of basic and diluted earnings per share (unaudited, in thousands, except per share data):

Three Months Ended

September 30, 

2025

2024

Net income

    

$

2,820

    

$

652

Per share information:

Earnings per share:

Basic

$

0.10

$

0.02

Diluted

$

0.10

$

0.02

Weighted-average shares used in computation:

Basic

 

26,961

 

28,671

Effect of dilutive options and RSUs

564

621

Diluted

 

27,525

 

29,292

Weighted-average shares of stock options to purchase 2,861,639 and 3,386,960 shares of common stock and warrants to purchase 500,000 and 0 shares of common stock for the three months ended September 30, 2025 and 2024, respectively, were not included in the computation of diluted net income per share due to their anti-dilutive effect. Such securities could have a dilutive effect in future periods.