| Net Earnings (Loss) per Common Share |
Net Earnings (Loss) per Common ShareBasic earnings (loss) per common share is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per common share is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding, plus the impact of common shares, if dilutive, resulting from the exercise of outstanding stock options, restricted shares, and warrants. A reconciliation of net earnings (loss) and common stock share amounts used in the computation of basic and diluted earnings (loss) per common share is presented below.
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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| Basic and dilutive earnings (loss) per common share: |
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| Net income (loss) attributable to Blade Air Mobility, Inc. |
$ |
(12,232) |
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$ |
8,412 |
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$ |
(22,424) |
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$ |
(2,600) |
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| Less: Undistributed earnings allocated to nonvested restricted stockholders |
— |
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(256) |
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— |
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— |
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| Basic net earnings (loss) available to common stockholders |
(12,232) |
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8,156 |
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(22,424) |
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(2,600) |
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| Add: Undistributed earnings allocated to nonvested restricted stockholders |
— |
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256 |
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— |
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— |
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| Less: Reallocation of undistributed loss to nonvested restricted stockholders |
— |
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(233) |
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— |
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— |
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| Diluted net earnings (loss) available to common stockholders |
(12,232) |
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$ |
8,179 |
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$ |
(22,424) |
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$ |
(2,600) |
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| Total weighted-average basic common shares outstanding |
73,169,003 |
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71,051,523 |
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72,584,138 |
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70,913,597 |
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| Effect of dilutive securities: |
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| Stock options |
— |
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7,445,833 |
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— |
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— |
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| Total effect of dilutive securities |
— |
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7,445,833 |
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— |
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— |
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| Total weighted-average diluted common shares outstanding |
73,169,003 |
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78,497,356 |
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72,584,138 |
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70,913,597 |
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| Net (loss) earnings per common share: |
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| Basic earnings (loss) per common share |
$ |
(0.17) |
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$ |
0.11 |
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$ |
(0.31) |
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$ |
(0.04) |
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| Dilutive earnings (loss) per common share |
$ |
(0.17) |
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$ |
0.10 |
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$ |
(0.31) |
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$ |
(0.04) |
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The following table represents common stock equivalents that were excluded from the computation of diluted earnings (loss) per common share for the three and six months ended June 30, 2023 and 2022 because the effect of their inclusion would be anti-dilutive:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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| Warrants to purchase shares of common stock |
14,166,644 |
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14,166,644 |
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14,166,644 |
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14,166,644 |
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| Options to purchase shares of common stock |
7,303,079 |
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— |
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7,303,079 |
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7,644,533 |
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Restricted shares of common stock |
6,780,664 |
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1,051,549 |
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6,780,664 |
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2,354,229 |
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| Total potentially dilutive securities |
28,250,387 |
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15,218,193 |
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28,250,387 |
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24,165,406 |
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