Skillsoft Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Net Loss Per Share

Note 16 - Net Loss Per Share

9 Months Ended

Oct. 31, 2023

(16) Net Loss Per Share

Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method.

The following sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

	*Three Months Ended October 31,*						*Nine Months Ended October 31,*
	*2023*			*2022*			*2023*			*2022*
Net income (loss) from continuing operations	$	(27,736	)	$	(583,314	)	$	(103,277	)	$	(733,724	)
Net income (loss) from discontinued operations		—			54,971			(682	)		62,239
Net income (loss)	$	(27,736	)	$	(528,343	)	$	(103,959	)	$	(671,485	)

Weighted average common shares outstanding:
Ordinary – Basic and diluted		8,047			8,218			8,044			7,857

Net income (loss) per share:
Ordinary – Basic and diluted - continuing operations	$	(3.45	)	$	(70.98	)	$	(12.84	)	$	(93.38	)
Ordinary – Basic and diluted - discontinued operations		—			6.69			(0.08	)		7.92
Ordinary – Basic and diluted	$	(3.45	)	$	(64.29	)	$	(12.92	)	$	(85.46	)

During the three and nine months ended October 31, 2023 and October 31, 2022, the Company incurred net losses and, therefore, the effect of the Company’s potentially dilutive securities was not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following contains share/unit totals with a potentially dilutive impact (in thousands):

	*Three Months Ended October 31,*				*Nine Months Ended October 31,*
	*2023*		*2022*		*2023*		*2022*
Common stock underlying warrants		3,098		3,098		3,098		3,098
Stock options		99		116		107		133
RSUs		1,066		845		806		762
Total		4,263		4,059		4,011		3,993