Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE (Tables)

v3.22.2
NET LOSS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
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:
For the three months ended For the six months ended
June 30, June 30,
(in 000’ USD, except share and per share amounts) 2022 2021 2022 2021
Numerator:
Net loss attributable to the Company $ (11,141) $ (6,885) $ (22,048) $ (7,966)
Less cumulative earnings to preferred shareholder —  (7,532) —  (14,925)
Net loss attributable to common stockholders (11,141) (14,417) (22,048) (22,891)
Denominator:    
Weighted average common shares and warrants outstanding*
   
Basic (in number) 76,239,989  31,647,131  75,146,201  31,647,131 
Diluted (in number) 76,239,989  31,647,131  75,146,201  31,647,131 
Net loss per unit attributable to common stockholder    
Basic $ (0.15) $ (0.46) $ (0.29) $ (0.72)
Diluted $ (0.15) $ (0.46) $ (0.29) $ (0.72)
*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.
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:
For the three months ended For the six months ended
(Number of shares) June 30, June 30,
2022 2021 2022 2021
Series C Convertible Preferred Stock —  2,520,368  —  2,520,368 
Stock Options —  432,500  —  432,500 
Common stock issued under the Backstop Agreement 9,600,031  —  9,600,031  — 
Restricted stock grants with only service conditions 3,441,651  —  3,275,885  —