Note 16 - Loss Per Share

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

16. Loss Per Share

Basic loss per share available to AvePoint common shareholders (“EPS”) is computed by dividing net loss by the weighted average number of common shares outstanding for the period. In computing diluted EPS, the Company adjusts the denominator, subject to anti-dilution requirements, to include the dilution from potential shares of Common Stock resulting from outstanding share based payment awards, warrants, earn-outs and the conversion of convertible preferred shares. AvePoint applies the two-class method in calculating loss per share. AvePoint's Sponsor Earn-Out Shares described in "Note 12 — Mezzanine Equity and Stockholders’ Deficiency" are considered participating securities and have no contractual obligation to shares in the loss of the Company. As such, the weighted-average impact of these shares is excluded from the calculation of loss per share below. As losses were incurred during all periods presented, no earnings per share exists for the Sponsor Earn-Out Shares.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2021			2020			2021			2020
	(in thousands, except						(in thousands, except
	per share amounts)						per share amounts)
Loss per share available to common shareholders, excluding sponsor earn-out shareholders
Numerator:
Net loss	$	(9,757	)	$	(12,185	)	$	(25,756	)	$	(4,870	)
Net income attributable to redeemable noncontrolling interest		(517	)		—			(1,413	)		—
Net loss attributable to AvePoint, Inc.	$	(10,274	)	$	(12,185	)	$	(27,169	)	$	(4,870	)
Deemed dividends on preferred stock		608			(5,615	)		(32,928	)		(21,413	)
Total net loss available to common shareholders	$	(9,666	)	$	(17,800	)	$	(60,097	)	$	(26,283	)
Denominator:
Weighted average common shares outstanding		176,621			90,805			126,738			86,784
Effect of dilutive securities		—			—			—			—
Weighted average diluted shares		176,621			90,805			126,738			86,784
Basic loss per share available to common shareholders, excluding sponsor earn-out shareholders	$	(0.05	)	$	(0.20	)	$	(0.47	)	$	(0.30	)
Diluted loss per share available to common shareholders, excluding sponsor earn-out shareholders	$	(0.05	)	$	(0.20	)	$	(0.47	)	$	(0.30	)

To arrive at net loss available to common shareholders, the Company deducted net income attributable to the redeemable noncontrolling interest in EduTech and deemed dividends, which related to the redemption, extinguishment, and remeasurement of preferred stock.

For the three and nine months ended September 30, 2021 and 2020, the Company's potentially dilutive securities were deemed to be anti-dilutive given the Company’s net loss position. As such, basic loss per share is equal to diluted loss per share for the periods presented.

The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted-average shares outstanding because such securities has an antidilutive impact due to losses reported:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Convertible preferred stock		—		41,997		—		41,997
Restricted stock		—		2,607		—		2,607
Stock options		31,232		35,496		31,232		35,496
Restricted stock units		5,437		—		5,437		—
Warrants		17,905		—		17,905		—
Executive shares issuable on July 1, 2022		3,593		—		3,593		—
Company Earn-Outs		3,000		—		3,000		—
Total potentially dilutive securities		61,167		80,100		61,167		80,100