| Schedule of Calculation of Basic and Diluted Loss Per Share |
The calculation of basic and diluted EPS for the years ended October 31, 2024, 2023 and 2022 was as follows (amounts in thousands, except share and per share amounts): | | | | | | | | | | | Year Ended October 31, | | | 2024 | | 2023 | | 2022 | | Numerator | | | | | | | | | | Net loss attributable to FuelCell Energy, Inc. | $ | (126,009) | | $ | (107,568) | | $ | (142,722) | | Series B preferred stock dividends | | (3,200) | | | (3,200) | | | (3,200) | | Net loss attributable to common stockholders | $ | (129,209) | | $ | (110,768) | | $ | (145,922) | | Denominator | | | | | | | | | | Weighted average common shares outstanding – basic | | 16,505,257 | | | 13,991,593 | | | 12,771,305 | | Effect of dilutive securities (1) | | - | | | - | | | — | | Weighted average common shares outstanding – diluted | | 16,505,257 | | | 13,991,593 | | | 12,771,305 | | Net loss to common stockholders per share – basic | $ | (7.83) | | $ | (7.92) | | $ | (11.43) | | Net loss to common stockholders per share – diluted (1) | $ | (7.83) | | $ | (7.92) | | $ | (11.43) | |
| (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, 2024, 2023 and 2022, potentially dilutive securities excluded from the diluted loss per share calculation are as follows: |
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| Schedule of Potentially Dilutive Securities Excluded from the Diluted Loss Per Share Calculation |
As of October 31, 2024, 2023 and 2022, potentially dilutive securities excluded from the diluted loss per share calculation are as follows: | | | | | | | | | | | | October 31, | | October 31, | | October 31, | | | 2024 | | 2023 | | 2022 | Outstanding options to purchase common stock | | | 574 | | | 610 | | | 674 | Unvested Restricted Stock Units | | | 516,561 | | | 218,105 | | | 84,029 | 5% Series B Cumulative Convertible Perpetual Preferred Stock | | | 1,261 | | | 1,261 | | | 1,261 | Total potentially dilutive securities | | | 518,396 | | | 219,976 | | | 85,965 |
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