Quarterly report pursuant to Section 13 or 15(d)

Net Earnings (Loss) per Common Share

v3.23.2
Net Earnings (Loss) per Common Share
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
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.
Three Months Ended June 30,
Six Months Ended June 30,
2023 2022 2023 2022
Basic and dilutive earnings (loss) per common share:
Net income (loss) attributable to Blade Air Mobility, Inc. $ (12,232) $ 8,412  $ (22,424) $ (2,600)
Less: Undistributed earnings allocated to nonvested restricted stockholders —  (256) —  — 
Basic net earnings (loss) available to common stockholders (12,232) 8,156  (22,424) (2,600)
Add: Undistributed earnings allocated to nonvested restricted stockholders —  256  —  — 
Less: Reallocation of undistributed loss to nonvested restricted stockholders —  (233) —  — 
Diluted net earnings (loss) available to common stockholders (12,232) $ 8,179  $ (22,424) $ (2,600)
Total weighted-average basic common shares outstanding 73,169,003  71,051,523  72,584,138  70,913,597 
Effect of dilutive securities:
Stock options —  7,445,833  —  — 
Total effect of dilutive securities —  7,445,833  —  — 
Total weighted-average diluted common shares outstanding 73,169,003  78,497,356  72,584,138  70,913,597 
Net (loss) earnings per common share:
Basic earnings (loss) per common share $ (0.17) $ 0.11  $ (0.31) $ (0.04)
Dilutive earnings (loss) per common share $ (0.17) $ 0.10  $ (0.31) $ (0.04)

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:
Three Months Ended June 30,
Six Months Ended June 30,
2023 2022 2023 2022
Warrants to purchase shares of common stock 14,166,644  14,166,644  14,166,644  14,166,644 
Options to purchase shares of common stock 7,303,079  —  7,303,079  7,644,533 
Restricted shares of common stock
6,780,664  1,051,549  6,780,664  2,354,229 
Total potentially dilutive securities 28,250,387  15,218,193  28,250,387  24,165,406