Net Earnings Per Share

6 Months Ended

Jun. 30, 2024

Basic and diluted net (loss) income per common share:

Net Earnings Per Share

Note 12. Net Earnings Per Share

Net earnings per share is computed by dividing net income by the weighted average number of common shares and common share equivalents outstanding during the periods presented. In calculating diluted earnings per share, those potential common shares that are found to be anti-dilutive are excluded from the calculation. The table below provides a summary of the numerators and denominators used in determining basic and diluted earnings per share for the three and six months ended June 30, 2024 and 2023 (in thousands, except per share amounts).

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Basic and diluted:
Net loss from continuing operations	$	(6,075	)	$	(6,284	)	$	(11,157	)	$	(11,076	)
Net loss attributable to non-controlling interest		143			118			160			118
Dividends declared on Series A Preferred Shares		(447	)		-			(516	)		-
Loss attributable to Fundamental Global common shareholders from continuing operations	$	(6,379	)	$	(6,166	)	$	(11,513	)	$	(10,958	)
Weighted average common shares outstanding		28,518			9,705			22,651			9,564
Loss per common share from continuing operations	$	(0.22	)	$	(0.63	)	$	(0.51	)	$	(1.15	)

The following potentially dilutive securities outstanding as of June 30, 2024 and 2023 have been excluded from the computation of diluted weighted-average shares outstanding as their effect would be anti-dilutive.

	As of June 30,
	2024		2023
Options to purchase common stock		715,000		742,000
Restricted stock units		745,268		596,934