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Net Loss Per Common Share (Tables)
6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Net Loss Per Common Share The following table sets forth the computation of net loss per common share:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended June 30,

 

(in thousands, except share and per share data)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Net loss per common share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to biote Corp. stockholders (basic and diluted)

 

$

(6,322

)

 

$

(5,143

)

 

$

(8,392

)

 

$

(11,948

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

33,072,156

 

 

 

20,704,866

 

 

 

34,185,578

 

 

 

19,153,574

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - diluted

 

 

33,072,156

 

 

 

20,704,866

 

 

 

34,185,578

 

 

 

19,153,574

 

Net loss per common share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.19

)

 

$

(0.25

)

 

$

(0.25

)

 

$

(0.62

)

Diluted

 

$

(0.19

)

 

$

(0.25

)

 

$

(0.25

)

 

$

(0.62

)

 

Schedule of Computation of Diluted Weighted Average Shares Outstanding

The Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the computation of diluted weighted average shares outstanding for the periods indicated because including them would have had an antidilutive effect:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

RSUs

 

 

121,577

 

 

 

912,609

 

 

 

121,577

 

 

 

912,609

 

Stock Options

 

 

11,615,972

 

 

 

8,259,614

 

 

 

11,615,972

 

 

 

8,259,614

 

Class V Voting Stock

 

 

5,221,653

 

 

 

34,819,066

 

 

 

5,221,653

 

 

 

34,819,066

 

Earnout Voting Shares

 

 

2,028,226

 

 

 

10,000,000

 

 

 

2,028,226

 

 

 

10,000,000

 

Sponsor Earnout Shares

 

 

1,587,500

 

 

 

1,587,500

 

 

 

1,587,500

 

 

 

1,587,500

 

 

 

20,574,928

 

 

 

55,578,789

 

 

 

20,574,928

 

 

 

55,578,789