XOMA Royalty Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net (Loss) Income Per Share (Attributable to) Available to Common Stockholders (Tables)

Net (Loss) Income Per Share (Attributable to) Available to Common Stockholders (Tables)

12 Months Ended

Dec. 31, 2022

Net (Loss) Income Per Share (Attributable to) Available to Common Stockholders

Schedule of outstanding securities considered anti-dilutive

The following table shows the weighted-average outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net (loss) income per share attributable to common stockholders (in thousands):


	Year Ended December 31,
	2022	2021
Convertible preferred stock	5,003	—
Common stock options	885	479
Warrants for common stock	6	—
Total	5,894	479

Schedule of reconciliation of numerator and denominator used in calculation of basic and diluted net (loss) per share available to common stockholders

The following is a reconciliation of the numerator (net (loss) income) and denominator (number of shares) used in the calculation of basic and diluted net (loss) income per share attributable to common stockholders (in thousands):


	Year Ended December 31,
	2022		2021
Numerator
Net (loss) income	$	(17,104)	$	15,798
Less: Series A accumulated dividends		(2,122)		(2,122)
Less: Series B accumulated dividends		(3,350)		(2,438)
Less: Allocation of undistributed earnings to participating securities		—		(3,451)
Net (loss) income (attributable to) available to common stockholders, basic	$	(22,576)	$	7,787
Add: Adjustments to undistributed earnings allocated to participating securities		—		181
Net (loss) income (attributable to) available to common stockholders, diluted	$	(22,576)	$	7,968

Denominator
Weighted average shares used in computing basic and diluted net (loss) income per share (attributable to) available to common stockholders		11,413		11,288
Effect of dilutive stock options		—		900
Effect of dilutive warrants		—		4
Weighted average shares used in computing diluted net (loss) income per share (attributable to) available to common stockholders		11,413		12,192
Basic net (loss) income per share (attributable to) available to common stockholders	$	(1.98)	$	0.69
Diluted net (loss) income per share (attributable to) available to common stockholders	$	(1.98)	$	0.65