Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

v3.22.1
Net Loss Per Share Attributable to Common Stockholders
3 Months Ended
Apr. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders

11. Net Loss Per Share Attributable to Common Stockholders

 

Net Loss per common share

 

The Company computes basic earnings per share (EPS) by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding for the reporting period. Diluted EPS reflects the effect of potential shares that would be issued if stock option awards, RSUs, warrants, and preferred shares, to the extent issued, were converted into common stock, to the extent dilutive.

The following table summarizes the computation of basic and diluted net loss per share attributable to common stockholders:

 

 

Three Months Ended April 30,

 

 

2022

 

 

2021

 

Numerator: Net loss

$

(33,168

)

 

$

(15,500

)

Denominator: Basic and Diluted Weighted-average shares in computing net loss per share attributable to common stockholders

 

99,305

 

 

 

67,182

 

Net loss attributable to common stockholders—basic and diluted

$

(0.33

)

 

$

(0.23

)

 

 

 

 

 

 

 

Since the Company was in a net loss position for all periods presented, diluted net loss per share attributable to common stockholders will be the same as the basic net loss per share, as, in a net loss position, the inclusion of all potential common shares outstanding would be antidilutive. The potential shares of common stock excluded from the computation of diluted net loss per share for the periods presented due to their antidilutive impacts are as follows:

 

 

 

As of April 30, 2022

 

 

As of April 30, 2021

 

Shares of common stock issuable from stock options

 

 

1,025

 

 

 

1,731

 

Total RSUs unvested

 

 

14,949

 

 

 

17,635

 

Warrants

 

 

8,606

 

 

-

 

Potential common shares excluded from diluted net loss per share

 

 

24,580

 

 

 

19,366

 

 

There were no Legacy IronNet Warrants outstanding as of April 30, 2021 due to the fact that the Legacy LGL interim condensed consolidated balance sheet was consolidated and combined with Legacy IronNet as of the effective date of the Merger in August 2021.