Lowell Farms Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2022

13. NET INCOME (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.

	Years Ended
	December 31,			December 31,
(in thousands except per share amounts)	2022			2021
Net loss	$	(24,564	)	$	(24,677	)

Net loss per share:
Basic	$	(0.22	)	$	(0.27	)
Diluted	$	(0.22	)	$	(0.27	)
Weighted average shares outstanding:
Basic		113,183			90,746
Diluted		113,183			90,746

Weighted average potentially diluted shares (1):
Basic shares		113,183			90,746
Options		-			-
Warrants		-			-
Convertible debentures		-			-
Restricted stock units		-			-
Total weighted average potentially diluted shares:		113,183			90,746

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(1) For the above 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.