Note 19 - Loss Per Share

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

19. Loss Per Share

Basic loss per share available to the Company’s 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. The Company applies the two-class method in calculating loss per share. The Company’s Sponsor Earn-Out Shares described in “Note 14 — 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.

	Year Ended December 31,
	2023			2022			2021
	(in thousands, except
	per share amounts)
Loss per share available to common stockholders, excluding sponsor earn-out stockholders
Numerator:
Net loss	$	(21,501	)	$	(38,688	)	$	(33,245	)
Net income attributable to noncontrolling interest		(224	)		(2,942	)		(1,974	)
Net loss attributable to AvePoint, Inc.	$	(21,725	)	$	(41,630	)	$	(35,219	)
Deemed dividends on preferred stock		—			—			(32,928	)
Total net loss available to common stockholders	$	(21,725	)	$	(41,630	)	$	(68,147	)
Denominator:
Weighted average common shares outstanding		182,257			181,957			141,596
Effect of dilutive securities		—			—			—
Weighted average diluted shares		182,257			181,957			141,596
Basic and diluted loss per share available to common stockholders, excluding sponsor earn-out stockholders	$	(0.12	)	$	(0.23	)	$	(0.48	)

AvePoint, Inc. and Subsidiaries

Notes to Consolidated Financial Statements (continued)

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

For the years ended December 31, 2023, 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:

	Year Ended December 31,
	2023		2022		2021
	(in thousands)
Stock options		27,192		29,168		30,480
Restricted stock units		10,703		8,493		5,167
Warrants		17,905		17,905		17,905
Company Earn-Outs		3,000		3,000		3,000
Total potentially dilutive securities		58,800		58,566		56,552