Blüm Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Earnings Per Share

Note 16 - Earnings Per Share

6 Months Ended

Jun. 30, 2024

NOTE 16 – EARNINGS PER SHARE

The following is a reconciliation for the calculation of basic and diluted earnings (loss) per share for the three and six months ended June 30, 2024:

	(in thousands, except for shares and per share data)
	*Three Months Ended June 30,*						*Six Months Ended June 30,*
	*2024*			*2023*			*2024*			*2023*
Net Income (Loss) from Continuing Operations	$	7,132		$	(4,612	)	$	3,764		$	(4,994	)
Less: Accretion of Mezzanine Equity		(23	)		—			(23	)		—
Add: Interest from Convertible Debt		17			—			17			—
Adjusted Net Income (Loss) from Continuing Operations	$	7,126		$	(4,612	)	$	3,758		$	(4,994	)

Weighted-Average Shares Outstanding - Basic		9,172,608			8,352,745			8,945,449			8,516,196
Weighted-Average Shares Outstanding - Diluted		11,038,499			8,352,745			10,811,340			8,516,196

Net Income (Loss) from Continuing Operations per Common Share - Basic	$	0.78		$	(0.55	)	$	0.42		$	(0.59	)
Net Income (Loss) from Continuing Operations per Common Share - Diluted	$	0.65		$	(0.55	)	$	0.35		$	(0.59	)

The denominator of the diluted income per share for the three and six months ended June 30, 2024 includes 458,748 shares of common stock exercisable from convertible debt and 1,407,143 shares of common stock exercisable from preferred stock on an if converted basis.