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

Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2022

13. NET INCOME (LOSS) PER SHARE

Net income (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 was as follows:

	Three Months Ended						Nine Months Ended
	September 30,			September 30,			September 30,			September 30,
(in thousands except per share amounts)	2022			2021			2022			2021
Net income (loss)	$	(4,779	)	$	(8,700	)	$	(13,450	)	$	(14,685	)

Net income (loss) per share:
Basic	$	(0.04	)	$	(0.10	)	$	(0.12	)	$	(0.15	)
Diluted	$	(0.04	)	$	(0.10	)	$	(0.12	)	$	(0.15	)
Weighted average shares outstanding:
Basic		112,026			84,922			111,995			98,949
Diluted		112,026			84,922			111,995			98,949

Weighted average potentially diluted shares (1):
Basic shares		112,026			84,922			111,995			98,949
Total weighted average potentially diluted shares:		112,026			84,922			111,981			98,949

(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.