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

6 Months Ended

Jun. 30, 2021

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.

	Three Months Ended					Six Months Ended
	June 30,		June 30,			June 30,			June 30,
(in thousands except per share amounts)	2021		2020			2021			2020
Net income (loss)	$	731	$	(8,757	)	$	(5,988	)	$	(16,631	)

Net income (loss) per share:
Basic	$	0.01	$	(0.26	)	$	(0.10	)	$	(0.50	)
Diluted	$	0.00	$	(0.26	)	$	(0.10	)	$	(0.50	)
Weighted average shares outstanding:
Basic		71,021		33,307			61,956			33,025
Diluted		201,278		33,307			61,956			33,025

Weighted average potentially diluted shares (1):
Basic shares		71,021		33,307			61,956			33,025
Options		2,908		-			-			-
Warrants		60,767		-			-			-
Convertible debentures		64,796		-			-			-
Restricted stock units		1,786		-			-			-
Total weighted average potentially diluted shares:		201,278		33,307			61,956			33,025

(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.