Note 16 - Loss Per Share

9 Months Ended

Sep. 30, 2023

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’ 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 September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
	(in thousands, except per share amounts)
Loss per share available to common shareholders, excluding sponsor earn-out shareholders
Numerator:
Net loss	$	(4,230	)	$	(6,786	)	$	(25,937	)	$	(27,041	)
Net loss (income) attributable to and accretion of redeemable noncontrolling interest		18			(626	)		(57	)		(1,870	)
Net loss attributable to AvePoint, Inc.	$	(4,212	)	$	(7,412	)	$	(25,994	)	$	(28,911	)
Total net loss available to common shareholders	$	(4,212	)	$	(7,412	)	$	(25,994	)	$	(28,911	)
Denominator:
Weighted average common shares outstanding		181,769			180,732			182,630			179,563
Effect of dilutive securities		—			—			—			—
Weighted average diluted shares		181,769			180,732			182,630			179,563
Basic and diluted loss per share available to common shareholders, excluding sponsor earn-out shareholders	$	(0.02	)	$	(0.04	)	$	(0.14	)	$	(0.16	)

To arrive at net loss available to common shareholders, the Company deducted net income attributable to the redeemable noncontrolling interest.

For the three and nine months ended September 30, 2023 and 2022, 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:

	September 30,
	2023		2022
	(in thousands)
Stock options		27,982		29,867
Restricted stock units		11,533		8,490
Warrants		17,905		17,905
Company Earn-Outs		3,000		3,000
Total potentially dilutive securities		60,420		59,262