Note 18 - Earnings Per Share

9 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

18.  EARNINGS PER SHARE

Options to purchase 656,375 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of March 31, 2023. 285,500 stock options were excluded in the computation of diluted earnings per share (“EPS”) for the three and nine months ended March 31, 2023, because they were anti-dilutive.

Options to purchase 698,875 shares of Common Stock at exercise prices ranging from $3.28 to $7.76 per share were outstanding as of March 31, 2022. 140,500 stock options were excluded in the computation of diluted EPS for the three and nine months ended March 31, 2022, 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						Nine Months Ended
	Mar. 31,			Mar. 31,			Mar. 31,			Mar. 31,
	2023			2022			2023			2022
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)
(Loss) / Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	(10	)	$	(167	)	$	1,384		$	1,603
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		3			-			(2	)		2
Net (loss) / income attributable to Trio-Tech International Common Shareholders	$	(7	)	$	(167	)	$	1,382		$	1,605
Weighted average number of common shares outstanding - basic		4,075			3,949			4,075			3,949
Dilutive effect of stock options		84			272			86			191
Number of shares used to compute earnings per share - diluted		4,159			4,221			4,161			4,140
Basic (loss) / earnings per share from continuing operations attributable to Trio-Tech International	$	-			(0.04	)		0.34			0.40
Basic earnings per share from discontinued operations attributable to Trio-Tech International		-			-			-			-
Basic (loss) / earnings per share from net income attributable to Trio-Tech International	$	-		$	(0.04	)	$	0.34		$	0.40
Diluted (loss) / earnings per share from continuing operations attributable to Trio-Tech International	$	-			(0.04	)		0.33			0.38
Diluted earnings per share from discontinued operations attributable to Trio-Tech International		-			-			-			-
Diluted (loss) / earnings per share from net income attributable to Trio-Tech International	$	-		$	(0.04	)	$	0.33		$	0.38