Note 19 - Earnings Per Share

6 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

19. EARNINGS PER SHARE

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 diluted earnings per share (“EPS”) for the three months ended December 31, 2023, because they were anti-dilutive.

Options to purchase 636,375 shares of Common Stock at exercise prices ranging from $2.53 to $7.76 per share were outstanding as of December 31, 2022. 405,500 stock options were excluded in the computation of diluted EPS for the three months ended December 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					Six Months Ended
	Dec. 31,		Dec. 31,			Dec. 31,		Dec. 31,
	2023		2022			2023		2022
	(Unaudited)		(Unaudited)			(Unaudited)		(Unaudited)
Income attributable to Trio-Tech International common shareholders from continuing operations, net of tax	$	503	$	512		$	730	$	1,394
Income / (loss) attributable to Trio-Tech International common shareholders from discontinued operations, net of tax		4		(5	)		7		(5	)
Net income attributable to Trio-Tech International Common Shareholders	$	507	$	507		$	737	$	1,389
Weighted average number of common shares outstanding - basic		4,120		4,074			4,109		4,074
Dilutive effect of stock options		139		88			161		86
Number of shares used to compute earnings per share - diluted		4,259		4,162			4,270		4,160
Basic earnings per share from continuing operations attributable to Trio-Tech International	$	0.12		0.12			0.18		0.34
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		$	0.18	$	0.34
Diluted earnings per share from continuing operations attributable to Trio-Tech International	$	0.12		0.12			0.17		0.33
Diluted earnings per share from discontinued operations attributable to Trio-Tech International		-		-			-		-
Diluted earnings per share from net income attributable to Trio-Tech International	$	0.12	$	0.12		$	0.17	$	0.33