The Lovesac Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Common Share (Tables)

Basic and Diluted Net Income (Loss) Per Common Share (Tables)

3 Months Ended

May 05, 2024

Schedule of Computation of Basic and Diluted Net Income (Loss) Per Common Share


	Thirteen weeks ended
(amounts in thousands, except per share data and share amounts)	May 5, 2024		April 30, 2023
Net loss	$	(12,960)	$	(4,115)

Weighted-average number of common shares outstanding, basic	15,537,823		15,230,763
Effect of dilutive securities(1)	—		—
Weighted-average number of common shares outstanding, diluted	15,537,823		15,230,763

Basic net income per share	$	(0.83)	$	(0.27)
Diluted net income per share	$	(0.83)	$	(0.27)

(1) The effect of dilutive securities includes unvested restricted stock units, stock options and warrants. For the thirteen weeks ended May 5, 2024 and April 30, 2023, unvested restricted stock units of 1,085,231 and 1,283,449, respectively, and the effects of 495,366 stock options outstanding were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive. The thirteen weeks ended April 30, 2023 also excludes the effects of 281,750 warrants since their effect would have been anti-dilutive. During fiscal 2024, all remaining outstanding warrants were exercised.