v3.24.3
Net Loss per Share
9 Months Ended
Sep. 30, 2024
Net Loss per Share  
Net Loss per Share

11.         Net Loss per Share

The rights, including the liquidation and dividend rights, of the holders of Class A, Class B, Class A1 and Class B1 ordinary shares are identical, except with respect to voting, transferability and conversion (see Exhibit 4.2 to the Company’s Current Report on Form 8-K12B, filed on June 28, 2024). As the liquidation and dividend rights are identical, losses are allocated on a proportionate basis and the resulting net income (loss) per share attributed to ordinary shareholders will, therefore, be the same for both Class A and Class B ordinary shares on an individual or combined basis.

Basic and diluted net loss attributable to ordinary shareholders was calculated as follows:

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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

    

2023

    

2024

    

2023

Numerator:

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Net loss attributable to ordinary shareholders

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$

(12,693)

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$

(13,855)

​

$

(34,305)

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$

(11,153)

Denominator:

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Weighted-average shares outstanding

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71,726,685

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70,186,016

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71,123,658

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69,953,591

Basic and diluted EPS

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$

(0.18)

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$

(0.20)

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$

(0.48)

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$

(0.16)

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The Company’s unvested RSUs have been excluded from the computation of basic net loss per share attributable to ordinary shareholders.

The Company’s potentially dilutive securities, which include options, unvested RSUs and unvested PSUs, have been excluded from the computation of diluted net loss per share attributable to ordinary shareholders as the effect would be to reduce the EPS attributable to ordinary shareholders. Therefore, the weighted average number of ordinary shares outstanding used to calculate both basic and diluted EPS attributable to ordinary shareholders is the same. The Company excluded the following potential ordinary shares, presented based on amounts outstanding at each period end, from the computation of diluted EPS attributable to ordinary shareholders for the periods indicated because including them would have had an anti-dilutive effect:

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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

    

2023

    

2024

    

2023

Share options to purchase ordinary shares

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11,628,675

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​

11,632,596

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​

11,628,675

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​

11,632,596

Unvested RSUs

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2,385,277

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​

2,341,205

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​

2,385,277

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​

2,341,205

Unvested PSUs

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42,030

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—

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42,030

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​

—

Total anti-dilutive shares

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14,055,982

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13,973,801

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14,055,982

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13,973,801

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