| Profit/(loss) per share |
Note 4 — (Loss)/profit per share
The following tables reconcile the numerator and denominator in the basic and diluted (loss)/profit per share computation (in thousands):
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
Numerator for basic and diluted (loss)/profit per share |
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Net (loss)/profit attributable to ordinary shareholders |
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$ |
(17,617) |
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$ |
(45,601) |
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$ |
3,401 |
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$ |
(65,954) |
Net (loss)/profit attributable to ordinary shareholders used for basic and diluted (loss)/profit per share |
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$ |
(17,617) |
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$ |
(45,601) |
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$ |
3,401 |
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$ |
(65,954) |
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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2024 |
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2023 |
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2024 |
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2023 |
Denominator for basic (loss)/profit per share - Weighted average shares outstanding |
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1,534,613,977 |
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1,357,849,656 |
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1,506,565,234 |
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1,153,791,567 |
Effect of dilutive securities: |
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Employee stock options |
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— |
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— |
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30,456,544 |
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— |
Denominator for diluted (loss)/profit per share |
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1,534,613,977 |
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1,357,849,656 |
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1,537,021,778 |
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1,153,791,567 |
The dilutive effect of 132,452,050 and 259,677,864 weighted stock options outstanding for the three and nine months ended September 30, 2024 respectively, and 200,370,627 for the three and nine months ended September 30, 2023 have been excluded from the diluted (loss)/profit per share calculation for the three and nine months ended September 30, 2024 and 2023 because they would have an antidilutive effect on the (loss)/profit per share for the period.
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