EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2022

NOTE 7 – EARNINGS PER SHARE

Basic earnings per share of common stock is computed by dividing net income/loss attributable to AirSculpt Technologies, Inc. for the three and nine months ended September 30, 2022 by the weighted-average number of shares of common stock outstanding during the same period. Diluted earnings per share of common stock is computed by dividing net income/loss attributable to AirSculpt Technologies, Inc. for the three and nine months ended September 30, 2022 by the weighted-average number of shares of common stock adjusted to give effect to potentially dilutive securities. Where the inclusion of potentially dilutive shares would be antidilutive, diluted loss per share equals basic loss per share.

Prior to the IPO, the EBS Intermediate Parent, LLC structure included only LLC common units issued and outstanding to pre-IPO LLC members. The Company analyzed the calculation of earnings per unit for periods prior to the IPO and determined that it resulted in values that would not be meaningful to the users of these consolidated financial statements. Therefore, earnings per share information has not been presented for periods prior to the IPO on October 28, 2021.

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share of common stock is as follows (in 000’s except for shares and per share figures):


	Three Months Ended September 30,			Nine Months Ended September 30,
	2022		2021	2022		2021
Numerator:
Net loss	$	(7,377)	N/A	$	(7,487)	N/A
Denominator:
Weighted average shares of common stock outstanding - basic	55,640,154		N/A	55,640,154		N/A
Add: Effect of dilutive securities	—		N/A	—		N/A
Weighted average shares of common stock outstanding - diluted	55,640,154		N/A	55,640,154		N/A
Loss per share of common stock outstanding - basic and diluted	$	(0.13)	N/A	$	(0.13)	N/A

The following number of potentially dilutive shares were excluded from the calculation of diluted loss per share because the effect of including such potentially dilutive shares would have been antidilutive.


	Three Months Ended September 30,		Nine Months Ended September 30,
	2022	2021	2022	2021
Restricted stock units	2,565,267	N/A	2,565,267	N/A
Performance and market-based stock units	2,435,917	N/A	2,435,917	N/A