| Schedule of Income and Share Data Used in Basic and Diluted Earnings (Loss) Per Share Computations |
The following reflects the income and share data used in the basic and diluted earnings (loss) per ordinary share and ADS computations: | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, | | | | 2023 | | 2024 | | 2025 | | | | (in thousands, except share and per share data) | | Profit (Loss) | | $ | (40,990) | | | $ | 57,567 | | | $ | (109,279) | | | Weighted average number of shares outstanding for basic EPS | | 225,183,996 | | | 248,290,190 | | | 867,366,665 | | | Net effect of dilutive stock options | | — | | | — | | | — | | | Net effect of dilutive warrants | | — | | | 10,004,114 | | | — | | | Net effect of vesting of restricted stock | | — | | | 25,726.711 | | | — | | | Net effect of conversion of convertible notes | | — | | | — | | | — | | | Weighted average number of shares outstanding for diluted EPS | | 225,183,996 | | | 284,021,015 | | | 867,366,665 | | | Basic earnings (loss) per share | | $ | (0.18) | | | $ | 0.23 | | | $ | (0.13) | | | Diluted earnings (loss) per share | | $ | (0.18) | | | $ | 0.20 | | | $ | (0.13) | | | ADS outstanding for basic earnings (loss) per ADS | | 2,251,840 | | | 2,482,902 | | | 8,673,667 | | | ADS outstanding for diluted earnings (loss) per ADS | | 2,251,840 | | | 2,840,210 | | | 8,673,667 | | | Basic earnings (loss) per ADS | | $ | (18.20) | | | $ | 23.19 | | | $ | (12.60) | | | Diluted earnings (loss) per ADS | | $ | (18.20) | | | $ | 20.27 | | | $ | (12.60) | |
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