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Loss Per Share

9 Months Ended

Jul. 31, 2024

Loss Per Share

Note 13. Loss Per Share

The calculation of basic and diluted loss per share was as follows (in thousands, except share and per share amounts):


	Three Months Ended July 31,						Nine Months Ended July 31,
	2024			2023			2024			2023
Numerator
Net loss attributable to FuelCell Energy, Inc.	$	(32,660)		$	(24,279)		$	(84,593)		$	(77,204)
Series B preferred stock dividends		(800)			(800)			(2,400)			(2,400)
Net loss attributable to common stockholders	$	(33,460)		$	(25,079)		$	(86,993)		$	(79,604)
Denominator
Weighted average common shares outstanding – basic		503,183,725			415,867,594			469,387,264			409,361,826
Effect of dilutive securities ⁽¹⁾		-			-			-			-
Weighted average common shares outstanding – diluted		503,183,725			415,867,594			469,387,264			409,361,826
Net loss to common stockholders per share – basic	$	(0.07)		$	(0.06)		$	(0.19)		$	(0.19)
Net loss to common stockholders per share – diluted ⁽¹⁾	$	(0.07)		$	(0.06)		$	(0.19)		$	(0.19)

(1)

Due to the net loss to common stockholders in each of the periods presented above, diluted loss per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive. As of July 31, 2024 and 2023, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:


		July 31,			July 31,
		2024			2023
Outstanding options to purchase common stock			17,318			18,291
Unvested Restricted Stock Units			16,772,419			7,280,952
5% Series B Cumulative Convertible Perpetual Preferred Stock			37,837			37,837
Total potentially dilutive securities			16,827,574			7,337,080