Amtech Systems, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Dec. 31, 2022

2. Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similarly to basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if potentially dilutive common shares had been issued. In the case of a net loss, diluted earnings per share is calculated in the same manner as basic EPS.

For the three months ended December 31, 2022 and 2021, options for 259,000 and 47,000 weighted average shares, respectively, were excluded from the diluted EPS calculations because they were anti-dilutive. These shares could become dilutive in the future.

A reconciliation of the components of the basic and diluted EPS calculations follows, in thousands, except per share amounts:


	Three Months Ended December 31,
	2022			2021
Numerator:
Net (loss) income	$	(2,744	)	$	997

Denominator:
Weighted-average shares used to compute basic EPS		14,008			14,254
Common stock equivalents (1)		—			231
Weighted-average shares used to compute diluted EPS		14,008			14,485

(Loss) income per share:
Net (loss) income per basic share	$	(0.20	)	$	0.07
Net (loss) income per diluted share	$	(0.20	)	$	0.07

(1)

The number of common stock equivalents is calculated using the treasury method and the average market price during the period.