What was the weighted average of basic shares outstanding for Management Recruiters in 2022?
Management_Recruiters Franchise · 2024 FDDAnswer from 2024 FDD Document
| December 31, 2023 | Dece | mber 31, 2022 | ||
|---|---|---|---|---|
| Total revenue | $ | 37,882 | $ | 31,097 |
| Net income | 6,135 | 13,312 | ||
| Basic earnings per share | $ | 0.45 | $ | 0.98 |
| Basic weighted average shares outstanding | 13,733 | 13,654 | ||
| Diluted earnings per share | $ | 0.45 | $ | 0.98 |
| Diluted weighted average shares outstanding | 13,801 | 13,721 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2024 FDD)
According to Management Recruiters' 2024 Franchise Disclosure Document, the basic weighted average shares outstanding for the year ended December 31, 2022, was 13,654. This figure represents the number of shares used to calculate the basic earnings per share for that period.
For a prospective franchisee, understanding the weighted average shares outstanding is crucial as it directly impacts the earnings per share. A higher number of shares outstanding can dilute earnings, potentially affecting the value of each share. This metric, along with earnings per share, provides insight into the company's profitability and financial structure.
Management Recruiters' financial statements include both basic and diluted earnings per share, offering a comprehensive view of potential dilution from stock options and other convertible securities. Reviewing these figures over multiple years, such as comparing 2022 to 2021, can reveal trends in the company's equity structure and its impact on shareholder value. This information is valuable for assessing the overall financial health and stability of Management Recruiters as a franchise investment.