Note 15 - Loss Per Share

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

15. 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 11 — Mezzanine Equity and Stockholders’ Equity” 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 March 31,
	2022			2021
	(in thousands, except
	per share amounts)
Loss per share available to common shareholders, excluding sponsor earn-out shareholders
Numerator:
Net loss	$	(11,053	)	$	(4,942	)
Net income attributable to redeemable noncontrolling interest		(617	)		(397	)
Net loss attributable to AvePoint, Inc.	$	(11,670	)	$	(5,339	)
Deemed dividends on preferred stock		—			(8,794	)
Total net loss available to common shareholders	$	(11,670	)	$	(14,133	)
Denominator:
Weighted average common shares outstanding		182,833			100,773
Effect of dilutive securities		—			—
Weighted average diluted shares		182,833			100,773
Basic loss per share available to common shareholders, excluding sponsor earn-out shareholders	$	(0.06	)	$	(0.14	)
Diluted loss per share available to common shareholders, excluding sponsor earn-out shareholders	$	(0.06	)	$	(0.14	)

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 months ended March 31, 2022 and 2021, 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 have an antidilutive impact due to losses reported:

	Three Months Ended March 31,
	2022		2021
	(in thousands)
Convertible preferred stock		—		42,001
Stock options		30,437		33,340
Restricted stock units		9,369		—
Warrants		17,905		—
Company Earn-Outs		3,000		—
Total potentially dilutive securities		60,711		75,341