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NET LOSS PER SHARE OR UNIT (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Loss Per Share

Basic and diluted net loss per share was calculated as follows:

Successor

Predecessor

Three Months Ended March 31, 2023

Period from January 27, 2022 through March 31, 2022

Period from January 1, 2022 through January 26, 2022

Basic and diluted net loss per share

$

(0.37)

$

(0.44)

n/a

Numerator:

Net loss attributable to System1, Inc.

(33,952)

(36,069)

n/a

Denominator:

Weighted-average common shares outstanding used in computing basic net loss per share (shares in thousands)

92,460

82,708

n/a

Basic and diluted net loss per unit

n/a

n/a

$

(1.81)

Numerator:

Net loss

n/a

n/a

$

(37,061)

Denominator:

Weighted-average membership units outstanding - basic and diluted (units in thousands)

n/a

n/a

20,488

X

- References

No definition available.

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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