NOTE 8 - 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,
	2026		2025		2026		2025

Numerator for EPS:
Net income	$	8,071	$	3,442	$	11,471	$	7,255
Denominator for EPS:
Weighted average shares outstanding – basic		12,987,471		11,447,986		12,985,316		11,196,992
Dilutive shares		144,139		218,323		178,852		212,496
Weighted average shares outstanding – diluted		13,131,610		11,666,309		13,164,168		11,409,488

EPS:
Basic	$	0.62	$	0.30	$	0.88	$	0.65
Diluted	$	0.61	$	0.30	$	0.87	$	0.64