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

Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share (Tables)

Net (Loss) Income Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Schdeule of computation of net (loss) income per common share

The following table sets forth the computation of net (loss) income per share of Class A Common Stock for the three and nine months ended September 30, 2024 and 2023:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024		2023
Numerator:
Net (loss) income	$	(2,792	)	$	(4,110	)	$	7,420	$	(41,050	)
Reversal of previously accrued dividends on preferred stock		—			—			—		690
Net (loss) income attributable to common shareholders	$	(2,792	)	$	(4,110	)	$	7,420	$	(40,360	)

Denominator:
Weighted-average common shares outstanding - basic		11,089,933			10,221,956			10,827,363		9,375,221
Plus: dilutive effect of common stock equivalents		—			—			1,147,084		—
Weighted-average common shares outstanding - diluted		11,089,933			10,221,956			11,974,447		9,375,221
Net (loss) income per share attributable to common stockholders - basic	$	(0.25	)	$	(0.40	)	$	0.69	$	(4.30	)
Net (loss) income per share attributable to common stockholders - diluted	$	(0.25	)	$	(0.40	)	$	0.62	$	(4.30	)

Schdeule of potential common shares

The following potential shares of Class A Common Stock have been excluded from the computation of diluted net (loss) income per share for the three and nine months ended September 30, 2024 and 2023:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Warrants to purchase common stock		853,330		853,330		853,330		853,330
PSUs, RSUs and options to purchase common stock		1,777,933		2,319,858		318,510		2,319,858
Right to receive Earnout Shares		583,333		583,333		583,333		583,333
Total common stock equivalents		3,214,596		3,756,521		1,755,173		3,756,521

In connection with the Business Combination, rights to receive Class A Common Stock (the “Earnout Shares”) were issued, with the right to receive Class A Common Stock contingent upon the Class A Common Stock reaching certain price milestones. 250,000 and 333,333 shares of Class A Common Stock will be issued if the Class A Common Stock share price equals or is greater than $375 and $495, respectively, for twenty out of any thirty consecutive trading days. The right to receive the Earnout Shares will expire on September 22, 2026.