Veru 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

9 Months Ended

Jun. 30, 2015

NOTE 2 – Earnings per Share

Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted average number of common shares outstanding during the period after giving effect to all dilutive potential common shares that were outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of stock options and unvested shares granted to employees and directors.


	Three Months Ended				Nine Months Ended
	June 30,				June 30,
Denominator	2015		2014		2015		2014
Weighted average common shares outstanding - basic		28,538,908		28,561,648		28,520,972		28,534,327
Net effect of dilutive securities:
Options		41,704		128,169		55,641		141,927
Unvested restricted shares		178,831		195,610		178,831		195,610
Total net effect of dilutive securities		220,535		323,779		234,472		337,537
Weighted average common shares outstanding - diluted		28,759,443		28,885,427		28,755,444		28,871,864
Income per common share – basic	$	0.04	$	0.04	$	0.13	$	0.11
Income per common share – diluted	$	0.04	$	0.04	$	0.13	$	0.10

Options to purchase approximately 90,000 shares of common stock at an exercise price of $3.92 per share that were outstanding during the three and nine months ended June 30, 2015, were not included in the computation of diluted net income per share because their effect was anti-dilutive. There were no anti-dilutive shares for the three and nine months ended June 30, 2014.