| 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:
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For the three months ended |
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For the six months ended |
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June 30, |
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June 30, |
| (in 000’ USD, except share and per share amounts) |
2022 |
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2021 |
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2022 |
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2021 |
| Numerator: |
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| Net loss attributable to the Company |
$ |
(11,141) |
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$ |
(6,885) |
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$ |
(22,048) |
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$ |
(7,966) |
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| Less cumulative earnings to preferred shareholder |
— |
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(7,532) |
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— |
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(14,925) |
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| Net loss attributable to common stockholders |
(11,141) |
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(14,417) |
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(22,048) |
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(22,891) |
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| Denominator: |
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Weighted average common shares and warrants outstanding* |
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| Basic (in number) |
76,239,989 |
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31,647,131 |
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75,146,201 |
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31,647,131 |
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| Diluted (in number) |
76,239,989 |
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31,647,131 |
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75,146,201 |
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31,647,131 |
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| Net loss per unit attributable to common stockholder |
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| Basic |
$ |
(0.15) |
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$ |
(0.46) |
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$ |
(0.29) |
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$ |
(0.72) |
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| Diluted |
$ |
(0.15) |
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$ |
(0.46) |
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$ |
(0.29) |
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$ |
(0.72) |
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*The KORE warrants have been treated as outstanding common shares in the weighted average common shares and warrants outstanding for the three months and six months ended June 30, 2021.
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| 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:
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For the three months ended |
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For the six months ended |
| (Number of shares) |
June 30, |
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June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
| Series C Convertible Preferred Stock |
— |
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2,520,368 |
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— |
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2,520,368 |
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| Stock Options |
— |
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432,500 |
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— |
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432,500 |
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| Common stock issued under the Backstop Agreement |
9,600,031 |
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— |
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9,600,031 |
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— |
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| Restricted stock grants with only service conditions |
3,441,651 |
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— |
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3,275,885 |
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— |
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