Lowell Farms Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2024

12. NET LOSS PER SHARE

Net loss per share represents the net earnings/loss attributable to shareholders divided by the weighted average number of shares outstanding during the period on an as converted basis as follows:

	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
(in thousands except per share amounts)	2024			2023			2024			2023
Net loss	$	(798	)	$	(73	)	$	(3,687	)	$	(4,113	)

Net loss per share:
Basic	$	(0.04	)	$	(0.01	)	$	(0.19	)	$	(0.34	)
Diluted	$	(0.04	)	$	(0.01	)	$	(0.19	)	$	(0.34	)
Weighted average shares outstanding:
Basic		19,031			12,177			19,031			12,177
Diluted		19,031			12,177			19,031			12,177

Weighted average potentially diluted shares ⁽¹⁾:
Basic shares		19,031			12,177			19,031			12,177
Total weighted average potentially diluted shares:		19,031			12,177			19,031			12,177

(1) For the above net loss periods, the inclusion of options, warrants, convertible debentures and restricted stock units in the calculation of diluted earnings per share would be anti-dilutive, and accordingly, were excluded from the diluted loss per share calculation.