Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Attributable to Common Stockholders

v3.22.2.2
Net Loss Per Share Attributable to Common Stockholders
6 Months Ended
Jul. 31, 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 July 31,

 

 

Six Months Ended July 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator: Net loss

 

$

(28,415

)

 

$

(17,167

)

 

$

(61,584

)

 

$

(32,667

)

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

 

 

101,352

 

 

 

67,421

 

 

 

100,346

 

 

 

67,303

 

Net loss attributable to common stockholders—basic and diluted

 

$

(0.28

)

 

$

(0.25

)

 

$

(0.61

)

 

$

(0.49

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 July 31, 2022

 

 

As of July 31, 2021

 

Shares of common stock issuable from stock options

 

 

 

 

 

1,498

 

Unvested RSUs

 

 

14,382

 

 

 

17,576

 

Shares of common stock issuable upon conversion from preferred shares

 

 

 

 

 

22,832

 

Warrants

 

 

8,606

 

 

 

 

Potential common shares excluded from diluted net loss per share

 

 

22,988

 

 

 

41,906

 

 

There were no Legacy IronNet Warrants outstanding as of July 31, 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.