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Loss Per Share
3 Months Ended
Jan. 31, 2025
Loss Per Share  
Loss Per Share

Note 14. 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 January 31,

2025

2024

    

Numerator

Net loss attributable to FuelCell Energy, Inc.

$

(28,326)

$

(19,793)

Series B preferred stock dividends

(800)

(800)

Net loss attributable to common stockholders

$

(29,126)

$

(20,593)

Denominator

Weighted average common shares outstanding – basic

20,501,663

15,054,568

Effect of dilutive securities (1)

-

-

Weighted average common shares outstanding – diluted

20,501,663

15,054,568

Net loss to common stockholders per share – basic

$

(1.42)

$

(1.37)

Net loss to common stockholders per share – diluted (1)

$

(1.42)

$

(1.37)

(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 January 31, 2025 and 2024, potentially dilutive securities excluded from the diluted loss per share calculation are as follows:

January 31,

January 31,

    

2025

    

2024

Outstanding options to purchase common stock

574

610

Unvested Restricted Stock Units

887,696

313,235

5% Series B Cumulative Convertible Perpetual Preferred Stock

1,261

1,261

Total potentially dilutive securities

889,531

315,106