Loss Per Share

6 Months Ended

Apr. 30, 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 April 30,				Six Months Ended April 30,
	2024		2023		2024		2023
Numerator
Net loss attributable to FuelCell Energy, Inc.	$	(32,140)	$	(34,303)	$	(51,933)	$	(52,925)
Series B preferred stock dividends		(800)		(800)		(1,600)		(1,600)
Net loss attributable to common stockholders	$	(32,940)	$	(35,103)	$	(53,533)	$	(54,525)
Denominator
Weighted average common shares outstanding – basic		452,984,445		406,316,070		452,303,339		406,055,027
Effect of dilutive securities (1)		-		-		-		-
Weighted average common shares outstanding – diluted		452,984,445		406,316,070		452,303,339		406,055,027
Net loss to common stockholders per share – basic	$	(0.07)	$	(0.09)	$	(0.12)	$	(0.13)
Net loss to common stockholders per share – diluted (1)	$	(0.07)	$	(0.09)	$	(0.12)	$	(0.13)

(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 April 30, 2024 and 2023, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

	April 30,		April 30,
	2024		2023
Outstanding options to purchase common stock		17,318		18,291
Unvested Restricted Stock Units		17,062,098		7,039,970
5% Series B Cumulative Convertible Perpetual Preferred Stock		37,837		37,837
Total potentially dilutive securities		17,117,253		7,096,098