Loss Per Share (Tables)

12 Months Ended

Oct. 31, 2024

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, 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:

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