Loss Per Share

3 Months Ended

Jan. 31, 2024

Loss Per Share

Loss Per Share

Note 13. Loss Per Share

The calculation of basic and diluted loss per share was as follows (in thousands, except share and per share amounts):

	Three Months Ended January 31,
	2024		2023
Numerator
Net loss attributable to FuelCell Energy, Inc.	$	(19,793)	$	(18,622)
Series B preferred stock dividends		(800)		(800)
Net loss attributable to common stockholders	$	(20,593)	$	(19,422)
Denominator
Weighted average common shares outstanding – basic		451,637,041		405,803,753
Effect of dilutive securities (1)		-		-
Weighted average common shares outstanding – diluted		451,637,041		405,803,753
Net loss to common stockholders per share – basic	$	(0.05)	$	(0.05)
Net loss to common stockholders per share – diluted (1)	$	(0.05)	$	(0.05)

(1) Due to the net loss to common stockholders in each of the periods presented above, diluted loss per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive. As of January 31, 2024 and 2023, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

	January 31,		January 31,
	2023		2022
Outstanding options to purchase common stock		18,291		20,231
Unvested Restricted Stock Units		9,397,055		7,102,089
5% Series B Cumulative Convertible Perpetual Preferred Stock		37,837		37,837
Total potentially dilutive securities		9,453,183		7,160,157