Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 202

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 18
Chunk 202
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  14.      Net Loss per Share  
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Basic earnings per share of Common
Stock is calculated by dividing net income available to holders of Common stock by the weighted average number of shares of Common Stock
outstanding for the period. The diluted earnings per share of Common Stock calculation assumes the issuance of all dilutive potential
common shares outstanding. Dilutive potential Common Stock consists of incremental shares of Class A Common Stock issuable upon the
exercise of the stock options.

The following table summarizes the
calculation of basic and diluted net loss per common share (in thousands, except per share data):

                                                   Year Ended December 31,                                                                
                                                   2024                                       2023                    2022                
  Net loss                                         $                            ( 43,328      $         ( 58,990      $         ( 57,429  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Basic earnings per share                                                                                                                
  Basic weighted average shares outstanding                                       19,285                  18,928                  18,653  
  Basic loss per share                             $                              ( 2.25      $           ( 3.12      $           ( 3.08  
  Diluted earnings per share                                                                                                              
  Basic weighted average shares outstanding                                       19,285                  18,928                  18,653  
  Dilutive effect of stock options                                                     —                       —                       —  
  Diluted weighted average shares outstanding                                     19,285                  18,928                  18,653  
  Diluted loss per share                           $                              ( 2.25      $           ( 3.12      $           ( 3.08  

F-26

The following shares were excluded
from the calculation of diluted net loss per share calculation as their effect would have been anti-dilutive (in thousands):

                              Year Ended December 31,                                                     
                                                 2024               2023                 2022             
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Stock options                                            410                1,299                2,592  
  Restricted stock units                                   213                  299                  354  
  Warrants                                                   6                    6                    6  

All share amounts and per share amounts
above have been retroactively adjusted for the twenty-for-one share combination, effective April 7, 2025. See Note 1.