Company: ZVRA
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001628280-25-039967
Chunk: 75

Company: ZEVRA THERAPEUTICS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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) attributable to common stockholders per share of common stock, in which it is assumed that the stock options and warrants convert into common stock at the beginning of the period or date of issuance, if the stock option or warrant was issued during the period. The Company reports the more dilutive of the approaches (two-class or treasury-stock/if-converted) as its diluted net income (loss) attributable to common stockholders per share of common stock during the period.Diluted net loss per share of common stock is the same as basic net loss per share of common stock for the three and six months ended June 30, 2024, because the effects of potentially dilutive items were anti-dilutive for the respective periods. The following securities, presented on a common stock equivalent basis, have been excluded from the calculation of weighted-average number of shares of common stock outstanding because their effect is anti-dilutive:Three months ended June 30,Six months ended June 30,2025202420252024Awards under equity incentive plans2,740,2789,849,4952,740,2789,849,495Common stock warrants—5,483,537—5,483,537Total securities excluded from the calculation of weighted average number of shares of common stock outstanding2,740,27815,333,0322,740,27815,333,032A reconciliation from net income to basic net income attributable to common stockholders per share of common stock and diluted net income attributable to common stockholders per share of common stock for the three and six months ended June 30, 2025, is as follows (in thousands):Three months endedSix months endedJune 30, 2025Basic net income per share of common stock:Net income$74,707 $71,608 Earnings allocated to participating securities(6,798)(6,552)Net income attributable to shares of common stock67,909 65,056 Less: Dividends declared or accumulated— — Undistributed net income attributable to shares of common stock, basic67,909 65,056 Weighted-average shares of common stock outstanding54,781 54,440 Basic net income per share of common stock$1.24 $1.20 Diluted net income per share of common stock:Net income attributable to shares of common stock67,909 65,056 Less: Fair value adjustment income related to warrant liability— — Net income attributable to shares