Basic and diluted net income (loss) per share

6 Months Ended

Jun. 30, 2025

Basic and diluted net income (loss) per share

Basic and diluted net loss per share

Basic and diluted net loss per share is calculated as follows (in thousands, except share and per share amounts):


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Net loss	$	(10,300)	$	(11,616)	$	(5,277)	$	(36,052)
Basic and diluted weighted-average number of shares outstanding	50,294,205		50,014,086		50,191,018		49,944,767
Basic and diluted net loss per share	$	(0.20)	$	(0.23)	$	(0.11)	$	(0.72)

A total of 11,220,642 shares issuable upon the exercise of outstanding share options and vesting of RSUs as of June 30, 2025 (June 30, 2024: 9,640,204), have been excluded from the calculation of diluted net loss per share due to their anti-dilutive effect.

For the three and six months ended June 30, 2025, shares issuable upon the potential conversion of all of the Notes were excluded from the calculation of diluted net loss per share due to their anti-dilutive effect.