Net Loss Per Common Share

6 Months Ended

Jun. 30, 2023

The following table summarizes the Company’s loss per share for the six months ended months ended June 30, 2023 and 2022 (in thousands, except per share amounts):


	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Net loss from continuing operations	$	(32,741)	$	(35,276)	$	(101,646)	$	(58,308)
Net loss from discontinued operations	(2,756)		(2,491)		(18,168)		(7,970)
Net loss attributable to Ideanomics, Inc. common stockholders	$	(35,497)	$	(37,767)	$	(119,814)	$	(66,278)




Basic and diluted weighted average common shares outstanding	10,271,290		3,982,340		8,071,870		3,980,619
Net loss per share:
Basic and diluted
Continuing operations	$	(3.19)	$	(8.86)	$	(12.59)	$	(14.65)
Discontinued operations	$	(0.27)	$	(0.63)	$	(2.25)	$	(2.00)
Basic and diluted loss per share of Common Stock	$	(3.46)	$	(9.49)	$	(14.84)	$	(16.65)

Basic net loss per common share attributable to the Company’s shareholders is calculated by dividing the net loss attributable to the Company’s shareholders by the weighted average number of outstanding common shares during the period.

Diluted loss per share is calculated by taking net loss, divided by the diluted weighted average common shares outstanding. Diluted net loss per share equals basic net loss per share because the effect of securities convertible into common shares is anti-dilutive.

The following table includes the number of shares that may be dilutive potential common shares in the future. The holders of these shares do not have a contractual obligation to share in the Company’s losses and thus these shares were not included in the computation of diluted loss per share because the effect was antidilutive (in thousands):


	June 30, 2023	December 31, 2022
Warrants	—	80
Options and RSUs	304	336
Series A Preferred Stock	7	7
Series B Preferred Stock	686	500
Series C Preferred Stock	186	—
Contingent shares	20,580	12
Convertible promissory note and interest	710	243
Total	22,473	1,178