Loss Per Share (Tables)

12 Months Ended

Oct. 31, 2023

Loss Per Share

Schedule of Calculation of Basic and Diluted Loss Per Share

The calculation of basic and diluted EPS for the years ended October 31, 2023, 2022 and 2021 was as follows (amounts in thousands, except share and per share amounts):

	Year ended October 31,
	2023			2022	2021
Numerator
Net loss attributable to FuelCell Energy, Inc.	$	(107,568)	$	(142,722)	$	(101,055)
Series B preferred stock dividends		(3,200)		(3,200)		(3,200)
Net loss attributable to common stockholders	$	(110,768)	$	(145,922)	$	(104,255)
Denominator
Weighted average common shares outstanding – basic		419,747,796		383,139,140		334,742,346
Effect of dilutive securities (1)		—		—		—
Weighted average common shares outstanding – diluted		419,747,796		383,139,140		334,742,346
Net loss to common stockholders per share – basic	$	(0.26)	$	(0.38)	$	(0.31)
Net loss to common stockholders per share – diluted (1)	$	(0.26)	$	(0.38)	$	(0.31)

(1) Due to the net loss to common stockholders in each of the years presented above, diluted earnings per share was computed without consideration to potentially dilutive instruments as their inclusion would have been antidilutive. As of October 31, 2023, 2022 and 2021, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

Schedule of Potentially Dilutive Securities Excluded from the Diluted Loss Per Share Calculation

As of October 31, 2023, 2022 and 2021, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

	October 31,		October 31,		October 31,
	2023		2022		2021
May 2017 Offering – Series C Warrants		-		-		950,102
Outstanding options to purchase common stock		18,291		20,231		22,388
Unvested Restricted Stock Units		6,543,138		2,520,881		2,543,541
5% Series B Cumulative Convertible Perpetual Preferred Stock		37,837		37,837		37,837
Total potentially dilutive securities		6,599,266		2,578,949		3,553,868