Perimeter Solutions, SA Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNING PER SHARE

EARNING PER SHARE

3 Months Ended

Mar. 31, 2022

EARNING PER SHAREBasic earning (loss) per share represents income available to ordinary shareholders divided by the weighted average number of ordinary shares outstanding during the reported period. Diluted earning (loss) per share is based upon the weighted-average number of Ordinary Shares outstanding during the period plus additional weighted-average potentially dilutive ordinary share equivalents during the period when the effect is dilutive.

Basic and diluted weighted average shares outstanding and earning (loss) per share were as follows (in thousands, except share and per share data):


	Successor		Predecessor
	Three Months Ended March 31, 2022		Three Months Ended March 31, 2021

Net income (loss)	$	37,811	$	(18,529)

Weighted-average shares outstanding:
Weighted average shares used in computing earning (loss) per share, basic	160,251,199		53,045,510
Founders advisory fees	14,142,366		—
Ordinary Shares equivalent of warrants	383,667		—
Weighted average shares used in computing earning (loss) per share, diluted	174,777,232		53,045,510

Basic earning (loss) per share	$	0.24	$	(0.35)

Diluted earning (loss) per share	$	0.22	$	(0.35)

As of March 31, 2022, 8.9 million PBNQSOs and 24.5 million Ordinary Shares issuable under the Founder Advisory Agreement were excluded from the diluted earning per share calculation as the contingencies related to such instruments had not been met. In addition, 8.1 million Ordinary Shares equivalent warrants were excluded from the diluted earning per share calculation as their effect would have been anti-dilutive.