| Net (Loss) Income per Common Share |
Net (Loss) Income per Common Share Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share is computed by dividing net 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 loss and common share amounts used in the computation of basic and diluted loss per common share is presented below.
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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| Basic and dilutive loss per common share: |
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| Net loss attributable to Blade Air Mobility, Inc. |
$ |
(1,954) |
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$ |
289 |
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$ |
(17,514) |
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$ |
(22,135) |
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| Less: Undistributed earnings allocated to nonvested restricted stockholders |
— |
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(22) |
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— |
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— |
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| Basic net earnings (loss) available to common stockholders |
(1,954) |
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267 |
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(17,514) |
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(22,135) |
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| Add: Undistributed earnings allocated to nonvested restricted stockholders |
— |
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22 |
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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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(20) |
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— |
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— |
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| Diluted net earnings (loss) available to common stockholders |
$ |
(1,954) |
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$ |
269 |
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$ |
(17,514) |
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$ |
(22,135) |
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| Total weighted-average basic common shares outstanding |
78,044,254 |
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74,139,422 |
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77,151,361 |
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73,108,263 |
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| Effect of dilutive securities: |
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| Stock options |
— |
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6,867,437 |
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— |
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— |
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| Total effect of dilutive securities |
— |
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6,867,437 |
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— |
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— |
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| Total weighted-average diluted common shares outstanding |
78,044,254 |
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81,006,859 |
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77,151,361 |
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73,108,263 |
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Net (loss) income per common share: |
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| Basic (loss) earnings per common share |
$ |
(0.03) |
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$ |
— |
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$ |
(0.23) |
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$ |
(0.30) |
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Dilutive (loss) earnings per common share |
$ |
(0.03) |
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$ |
— |
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$ |
(0.23) |
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$ |
(0.30) |
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The following table represents common stock equivalents that were excluded from the computation of diluted loss per common share for the three and nine months ended September 30, 2024 and 2023 because the effect of their inclusion would be anti-dilutive:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
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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 |
6,526,611 |
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— |
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6,526,611 |
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7,255,851 |
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Restricted shares of common stock |
10,112,365 |
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5,278,448 |
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10,112,365 |
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6,108,798 |
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| Total potentially dilutive securities |
30,805,620 |
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19,445,092 |
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30,805,620 |
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27,531,293 |
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