Note 6 - Income (Loss) Per Share

6 Months Ended

Apr. 30, 2026

Note 6 – Income (loss) per share

Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding, increased by the effects of assuming that other potentially dilutive securities (such as stock options) outstanding during the period had been exercised and the treasury stock method had been applied. During the three months ended April 30, 2026, we reported net income. In periods with a net loss, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation due to their anti-dilutive effect. Potentially issuable securities that are out-of-the-money totaled 0 and 405,056 shares for the three months ended April 30, 2026 and 2025, respectively, and 0 and 405,056 shares for the six months ended April 30, 2026 and 2025, respectively, and were excluded from the calculation of diluted per share amounts because of their anti-dilutive effect.

The following table summarizes the computation of basic and diluted weighted average shares outstanding:

	Three Months Ended April 30,				Six Months Ended April 30,
	2026		2025		2026		2025

Weighted average shares outstanding for basic earnings per share		10,851,869		10,669,608		10,783,721		10,614,364

Add effects of potentially dilutive securities-assumed exercise of stock options		572,703		-		437,821		-

Weighted average shares outstanding for diluted earnings per share		11,424,572		10,669,608		11,221,542		10,614,364

R F INDUSTRIES LTD 10-Q