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

3 Months Ended

Mar. 31, 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
	March 31,			March 31,
(in thousands except per share amounts)	2024			2023
Net loss	$	(2,889	)	$	(4,040	)

Net loss per share:
Basic	$	(0.15	)	$	(0.33	)
Diluted	$	(0.15	)	$	(0.33	)
Weighted average shares outstanding:
Basic		19,024			12,177
Diluted		19,024			12,177

Weighted average potentially diluted shares (1):
Basic shares		19,024			12,177
Diluted shares		19,024			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.