Better Choice Company 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

9 Months Ended

Sep. 30, 2020

Basic and diluted net loss per share attributable to common stockholders is presented using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options and the amount of compensation cost for future service that has not yet been recognized are collectively assumed to be used to repurchase shares.

Basic and diluted net loss per share is calculated by dividing net and comprehensive loss attributable to common stockholders by the weighted-average shares outstanding during the period. For the three and nine months ended September 30, 2020 and 2019, the Company’s basic and diluted net and comprehensive loss per share attributable to common stockholders are the same, because the Company has generated a net loss to common stockholders and common stock equivalents are excluded from diluted net loss per share as they have an antidilutive impact.

The following table sets forth basic and diluted net loss per share attributable to common stockholders for the three and nine months ended September 30, 2020 and 2019:


Dollars in thousands	Nine Months Ended September 30,				Three Months Ended September 30,
Common stockholders	2020		2019		2020		2019
Numerator:
Net and comprehensive loss	$	(29,551)	$	(170,311)	$	(1,693)	$	(6,025)
Less: Preferred stock dividends	103		70		35		43
Net and comprehensive loss available to common stockholders	$	(29,654)	$	(170,381)	$	(1,728)	$	(6,068)
Denominator:
Weighted average shares used in computing net loss per share attributable to common stockholders, basic and diluted	48,809,740		28,624,230		48,961,447		43,575,010
Net loss per share attributable to common stockholders, basic and diluted	$	(0.61)	$	(5.95)	$	(0.04)	$	(0.14)