EARNINGS PER SHARE (''EPS'')

3 Months Ended

Mar. 31, 2023

10. EARNINGS PER SHARE ("EPS")

The computations of basic EPS are based on the Company’s weighted average shares outstanding. No shares of Series D Preferred Stock, Series A Preferred Stock, or Series A1 Preferred Stock outstanding as of March 31, 2023 were included in

the computation of diluted EPS because they had no dilutive effect. For the three months ended March 31, 2022, the basic weighted average number of shares of Common Stock outstanding was increased by 2,477 shares to reflect the dilutive effect of certain shares of the Company’s Series A Preferred Stock. Outstanding Series A Preferred Warrants were not included in the computation of diluted EPS for the three months ended March 31, 2023 and 2022 because their impact was either anti-dilutive or such warrants were not exercisable during such periods (Note 12). Outstanding shares of Series L Preferred Stock were not included in the computation of diluted EPS for the three months ended March 31, 2023 (because they were redeemed in January 2023) and 2022 (because such shares were not redeemable during such period).

EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.

The following table reconciles the numerator and denominator used in computing the Company’s basic and diluted per-share amounts for net loss attributable to common stockholders for the three months ended March 31, 2023 and 2022 (in thousands, except per share amounts):


	Three Months Ended March 31,
	2023		2022
Numerator:
Net loss attributable to common stockholders	$	(12,715)	$	(2,811)
Redeemable preferred stock dividends declared on dilutive shares	—		(1)
Diluted net loss attributable to common stockholders	$	(12,715)	$	(2,812)
Denominator:
Basic weighted average shares of Common Stock outstanding	22,707		23,349
Effect of dilutive securities—contingently issuable shares	—		2
Diluted weighted average shares and common stock equivalents outstanding	22,707		23,351
Net loss attributable to common stockholders per share:
Basic	$	(0.56)	$	(0.12)
Diluted	$	(0.56)	$	(0.12)