| Summary Of Earnings per Shares, basic and diluted |
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, USD, except share and per share amounts) |
2022 |
|
2021 |
|
2022 |
|
2021 |
| Numerator: |
|
|
|
|
|
|
|
| Net loss attributable to the Company |
$ |
(13,025) |
|
|
$ |
(4,508) |
|
|
$ |
(35,073) |
|
|
$ |
(12,474) |
|
| Less cumulative earnings to preferred shareholder |
— |
|
|
(7,897) |
|
|
— |
|
|
(22,822) |
|
| Add premium on preferred conversion to common shares |
—
|
|
|
4,074 |
|
|
—
|
|
|
4,074 |
|
| Net loss attributable to common stockholders |
(13,025) |
|
|
(8,331) |
|
|
(35,073) |
|
|
(31,222) |
|
| Denominator: |
|
|
|
|
|
|
|
Weighted average common shares and warrants outstanding* |
|
|
|
|
|
|
|
| Basic (in number) |
76,240,530 |
|
|
32,098,715 |
|
|
75,514,986 |
|
|
31,799,313 |
|
| Diluted (in number) |
76,240,530 |
|
|
32,098,715 |
|
|
75,514,986 |
|
|
31,799,313 |
|
| Net loss per unit attributable to common stockholder |
|
|
|
|
|
|
|
| Basic |
$ |
(0.17) |
|
|
$ |
(0.26) |
|
|
$ |
(0.46) |
|
|
$ |
(0.98) |
|
| Diluted |
$ |
(0.17) |
|
|
$ |
(0.26) |
|
|
$ |
(0.46) |
|
|
$ |
(0.98) |
|
* The KORE warrants have been treated as outstanding common stock in the weighted average common shares and warrants outstanding for the three months and nine months ended September 30, 2021.
|
| Summary Of Diluted Shares Outstanding |
The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
| (Number of shares) |
September 30, |
|
September 30, |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| Common stock issued under the Backstop Agreement |
9,600,031 |
|
|
— |
|
|
9,600,031 |
|
|
— |
|
| Restricted stock grants with only service conditions |
3,840,501 |
|
|
— |
|
|
3,468,900 |
|
|
— |
|
|