Greenidge Generation Holdings Inc.GREE

Greenidge Generation Holdings Inc. Earnings Per Share Disclosure

10-KFiled Mar 31, 20252 min read
LOSS PER SHARE
The Company calculates basic net loss per share by dividing the net loss by the weighted average number of shares of common stock outstanding for the period. The diluted net loss per share is computed by assuming the exercise, settlement, and vesting of all potential dilutive common stock equivalents outstanding for the period using the treasury stock method. The following table sets forth a reconciliation of the numerator and denominator used to compute basic and diluted net loss per share of common stock (In thousands, except per share data):
For the Year Ended December 31,
20242023
Numerator
Net loss from continuing operations$(19,785)$(29,039)
Loss from discontinued operations, net of tax— (471)
Net loss$(19,785)$(29,510)
Denominator
Basic weighted average shares outstanding10,5046,660
Effect of dilutive securities——
Diluted weighted average shares outstanding10,5046,660
Net loss per share, basic and diluted:
Net loss per share from continuing operations, basic and diluted$(1.88)$(4.36)
Loss per share from discontinued operations, basic and diluted— (0.07)
Net loss per share, basic and diluted$(1.88)$(4.43)
For the years ended December 31, 2024 and 2023, because the Company was in a loss position, basic net loss per share is the same as diluted net loss per share, as the inclusion of the potential common shares would have been anti-dilutive.
The following table sets forth potential shares of common stock that are not included in the diluted net loss per share calculation above because to do so would be anti-dilutive for the period indicated (In thousands):
December 31,
Anti-dilutive securities20242023
Restricted stock awards1319
Common shares issuable upon exercise of stock options482459
Common shares issuable upon exercise of warrants1,261180
Total
1,874648

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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