v3.25.4
Loss Per Share (Basic and Diluted)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Loss Per Share (Basic and Diluted)

8. Loss per share (basic and diluted)

Basic net loss per share is computed by dividing net loss (the numerator) by the weighted average shares outstanding for the period (the denominator). Diluted net loss per share is computed by dividing net income by the weighted average shares outstanding during the period adjusted for the dilutive effects of the exercise of the stock options. In periods when losses from continuing operations are reported, the weighted-average shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. The computation of net loss per share for the years ended December 31, 2025 and 2024, respectively was as follows:

 

 

 

Year ended December 31,

 

 

2025

 

 

2024

 

 

$000s

 

 

$000s

 

Net loss

 

 

(88,612

)

 

 

(45,309

)

Weighted-average shares outstanding (basic and diluted)

 

 

141,694,702

 

 

 

138,752,224

 

Net loss per share (basic and diluted)

 

$

(0.63

)

 

$

(0.33

)

 

The following outstanding potentially dilutive securities were excluded from the calculation of diluted net loss per share because their impact would have been anti-dilutive for the period presented.

 

 

 

Year ended December 31,

 

 

2025

 

 

2024

 

Potentially Dilutive Securities

 

 

 

 

 

 

Stock options

 

 

20,884,098

 

 

 

17,455,390