Three months ended

Nine months ended

March 31,

2022

2021

2022

2021

(in thousands except

percent and

per share data)

Numerator:

Net loss attributable to Net1

$

(3,327)

$

(6,204)

$

(28,727)

$

(39,696)

Undistributed loss

(3,327)

(6,204)

(28,727)

(39,696)

Percent allocated to common shareholders

(Calculation 1)

98%

99%

Numerator for loss per share: basic and diluted

$

(3,262)

$

(6,172)

$

(28,299)

$

(39,300)

Denominator

Denominator for basic (loss) earnings per share:

weighted-average common shares outstanding

56,660

56,352

56,467

56,236

Effect of dilutive securities:

Stock options

-

275

-

92

Denominator for diluted (loss) earnings per share: adjusted weighted average common shares outstanding and assuming conversion

56,660

56,627

56,467

56,328

Loss per share:

Basic

$

(0.06)

$

(0.11)

$

(0.50)

$

(0.70)

Diluted

$

(0.06)

$

(0.11)

$

(0.50)

$

(0.70)

(Calculation 1)

Basic weighted-average common shares outstanding (A)

56,660

56,352

56,467

56,236

Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B)

57,791

56,646

57,322

56,803

Percent allocated to common shareholders

(A) / (B)

98%

99%