KORE Group Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2023

Presented in the table below is a reconciliation of the numerator and denominator for the basic and diluted earnings per share (“EPS”) calculations for the periods ended:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
($ in thousands, except share and per share amounts)	2023		2022		2023		2022
Numerator:
Net loss	$	(95,361)	$	(14,277)	$	(133,350)	$	(36,639)


Net loss attributable to common stockholders	$	(95,361)	$	(14,277)	$	(133,350)	$	(36,639)
Denominator:
Weighted average common shares outstanding
Basic and diluted (in number)	86,655,279		76,240,530		81,046,880		75,514,986

Net loss per share
Basic and diluted	$	(1.10)	$	(0.19)	$	(1.65)	$	(0.49)

The following securities were not included in the computation of weighted-average diluted shares outstanding because the effect would be anti-dilutive:


	Three Months Ended		Nine Months Ended
(Number of shares)	September 30,		September 30,
	2023	2022	2023	2022
Common stock issued under the backstop agreement	9,600,031	9,600,031	9,600,031	9,600,031
Grants of unvested restricted stock units (time-vesting only)	7,449,932	3,840,501	6,021,748	3,468,900
Private placement warrants	272,779	272,779	272,779	272,779

Unvested restricted stock units with both time and performance metrics are excluded from the disclosure of weighted-average potentially anti-dilutive securities because the performance metrics were not met at the end of the reporting period; therefore, these securities are not considered to be contingently issuable for purposes of dilutive EPS or anti-dilution calculations.