NOTE 5 - EARNINGS PER SHARE (“EPS”)

Basic earnings per share are based on the weighted average number of ordinary shares outstanding, net of treasury shares. Diluted EPS is based on those shares used in basic EPS plus shares that would have been outstanding assuming issuance of ordinary shares for all dilutive potential ordinary shares outstanding.

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator for EPS:
Net income	$	3,442	$	2,617	$	7,255	$	4,727
Denominator for EPS:
Weighted average shares outstanding – basic		11,447,986		10,394,654		11,196,992		10,386,859
Dilutive shares		218,323		166,766		212,496		335,294
Weighted average shares outstanding – diluted		11,666,309		10,561,420		11,409,488		10,722,153
EPS:
Basic	$	0.30	$	0.26	$	0.65	$	0.46
Diluted	$	0.30	$	0.25	$	0.64	$	0.44