Quarterly report pursuant to Section 13 or 15(d)

Loss per share

v3.24.1.1.u2
Loss per share
3 Months Ended
Mar. 31, 2024
Loss per share  
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):

Three months ended

March 31, 

     

2024

     

2023

Numerator for basic and diluted (loss)/profit per share

Net (loss)/profit attributable to ordinary shareholders

 

$

(48,503)

 

$

1,036

Net (loss)/profit attributable to ordinary shareholders used for basic and diluted (loss)/profit per share

$

(48,503)

$

1,036

Three months ended

March 31, 

 

2024

    

2023

Denominator for basic (loss)/profit per share - Weighted average shares outstanding

 

1,451,241,661

 

991,330,402

Effect of dilutive securities:

Employee stock options

 

 

8,946,213

Denominator for diluted (loss)/profit per share

 

1,451,241,661

 

1,000,276,615

The dilutive effect of 249,957,127 and 128,614,053 stock options outstanding as of March 31, 2024 and 2023 respectively have been excluded from the diluted (loss)/profit per share calculation for the three months ended March 31, 2024 and 2023 because they would have an antidilutive effect on the (loss)/profit per share for the period.