23. Earnings per share (EPS)
Earnings per share are calculated on the basis of the net loss for the year of the Biofrontera Group and the average ordinary shares in circulation in the financial year, in accordance with IAS 33.
| 31.12.2017 | 31.12.2016 | 31.12.2015 | ||||||||||
| Number of weighted ordinary shares in circulation (on average) | 38,076,088 | 29,742,634 | 23,213,444 | |||||||||
| Net loss for the year in EUR (in thousands) | (16,102 | ) | (10,579 | ) | (11,203 | ) | ||||||
| Basic/diluted earnings per share in EUR | (0.42 | ) | (0.36 | ) | (0.48 | ) | ||||||