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

6 Months Ended

Mar. 31, 2016

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				Six Months Ended
	March 31,				March 31,
Denominator	2016		2015		2016		2015
Weighted average common shares outstanding - basic		28,652,635		28,521,659		28,642,951		28,512,005
Net effect of dilutive securities:
Options		22,633		56,016		19,949		59,974
Unvested restricted shares		384,028		202,806		384,028		202,806
Total net effect of dilutive securities		406,661		258,822		403,977		262,780
Weighted average common shares outstanding - diluted		29,059,296		28,780,481		29,046,928		28,774,785
Income per common share – basic	$	0.00	$	0.06	$	0.05	$	0.09
Income per common share – diluted	$	0.00	$	0.06	$	0.05	$	0.09

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 six months ended March 31, 2016 and 2015 were not included in the computation of diluted net income per share because their effect was anti-dilutive. All other outstanding stock options and unvested restricted shares were included in the computation of diluted net income per share for the three and six months ended March 31, 2016 and 2015.