Three months ended

Six months ended

December 31,

2021

2020

2021

2020

(in thousands except

percent and

per share data)

Numerator:

Net loss attributable to Net1

$

(12,406)

$

(4,534)

$

(25,400)

$

(33,492)

Undistributed (loss) earnings

(12,406)

(4,534)

(25,400)

(33,492)

Percent allocated to common shareholders

(Calculation 1)

99%

Numerator for loss per share: basic and diluted

$

(12,234)

$

(4,508)

$

(25,080)

$

(33,098)

Denominator

Denominator for basic (loss) earnings per share:

weighted-average common shares outstanding

56,413

56,317

56,373

56,211

Effect of dilutive securities:

Denominator for diluted (loss) earnings per share: adjusted weighted average common shares outstanding and assuming conversion

56,413

56,317

56,373

56,211

Loss per share:

Basic

$

(0.22)

$

(0.08)

$

(0.44)

$

(0.59)

Diluted

$

(0.22)

$

(0.08)

$

(0.44)

$

(0.59)

(Calculation 1)

Basic weighted-average common shares outstanding (A)

56,413

56,317

56,373

56,211

Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B)

57,204

56,641

57,093

56,880

Percent allocated to common shareholders

(A) / (B)

99%