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, 2023

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)	2023			2022			2023			2022
Net loss	$	(73	)	$	(4,614	)	$	(4,113	)	$	(8,671	)

Net loss per share:
Basic	$	(0.01	)	$	(0.04	)	$	(0.03	)	$	(0.08	)
Diluted	$	(0.01	)	$	(0.04	)	$	(0.03	)	$	(0.08	)
Weighted average shares outstanding:
Basic		121,770			112,026			121,770			111,981
Diluted		121,770			112,026			121,770			111,981

Weighted average potentially diluted shares (1):
Basic shares		121,770			112,026			121,770			111,981
Total weighted average potentially diluted shares:		121,770			112,026			121,770			111,981

(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.