Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.21.2
Net Loss Per Share (Tables)
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Summary Of Earnings per Shares, basic and diluted
Presented in the table below is a reconciliation of the numerator and d
e
nominator for the basic and diluted earnings per share (“EPS”) calculations for the periods ended:
 
    
Three months ended
September 30,
     
Nine months ended

September 30,
  
(in ‘000)
   
2021
     
2020
     
2021
     
2020
  
Numerator:
                                    
Net loss attributable to the Company
    $ (4,508 )     $ (5,648 )     $ (12,474 )     $ (19,474 ) 
Less dividends to preferred shareholder
      (7,897 )       (7,139 )       (22,822 )       (20,492 ) 
Add premium on preferred conversion to common shares
      4,074                
 
4,074
           
    
 
 
     
 
 
     
 
 
     
 
 
  
Net loss attributable to common shareholders
   
$
(8,331
) 
   
$
(12,787
) 
   
$
(31,222
) 
   
$
(39,966
) 
Denominator:
                                    
Weighted average common shares, basic and diluted
(in number)
      30,732,921        30,281,520        30,433,641        30,285,684  
    
 
 
     
 
 
     
 
 
     
 
 
  
Net loss per share attributable to common shareholder, basic and diluted
   
$
(0.27
) 
   
$
(0.42
) 
   
$
(1.03
) 
   
$
(1.32
) 
    
 
 
     
 
 
     
 
 
     
 
 
  
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:
 
(number of shares)
   
September 30,
2021
     
September 30,
2020
  
Series C Convertible Preferred Stock
      —          2,566,186  
Stock Options
      —          432,500