MoneyLion Inc. Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of computation of net loss per common share

The following table sets forth the computation of net loss per share of Class A Common Stock for the three and nine months ended September 30, 2023 and 2022:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2023			2022			2023			2022
Numerator:
Net loss	$	(4,110	)	$	(21,017	)	$	(41,050	)	$	(54,060	)
(Accrued) / reversal of previously accrued dividends on preferred stock		—			(1,688	)		690			(4,892	)
Net loss attributable to common shareholders	$	(4,110	)	$	(22,705	)	$	(40,360	)	$	(58,952	)

Denominator:
Weighted-average common shares outstanding - basic and diluted(1)		10,221,956			8,156,757			9,375,221			7,910,074
Net loss per share attributable to common stockholders - basic and diluted(1)	$	(0.40	)	$	(2.78	)	$	(4.30	)	$	(7.45	)

(1)

Prior period results have been adjusted to reflect the Reverse Stock Split at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.

Schedule of potentially issuable common shares

The following potentially issuable shares of Class A Common Stock have been excluded from the computation of diluted net loss per share for the three and nine months ended September 30, 2023 and 2022:


	September 30,
	2023		2022
Conversion of convertible preferred stock(1)		—		855,186
Warrants to purchase common stock and redeemable convertible preferred stock(1)		853,330		853,330
PSUs, RSUs and options to purchase common stock(1)		2,319,858		1,927,214
Right to receive earnout shares(1)		583,333		583,333
Total common stock equivalents		3,756,521		4,219,063

(1)