Earnings (Loss) per Share

12 Months Ended

Dec. 31, 2021

Earnings (Loss) per Share

Earnings (Loss) per Share

13.  Earnings (Loss) per Share

Basic and Diluted Loss per Share

Basic and diluted loss per share is calculated by dividing the net loss attributable to shareholders by the weighted average number of shares outstanding during the year. Diluted net loss per share is the same as basic net loss per share during the periods presented as the effects of the Company’s common stock equivalents are antidilutive and thus not included in the calculation.

	Year ended December 31,
(in thousands, except per share data)	2021		2020		2019
Net loss for the period	$	(49,450)	$	(69,484)	$	(82,764)
Weighted average number of shares outstanding		43,349,461		12,845,089		7,419,948
Basic and diluted loss per share	$	(1.14)	$	(5.41)	$	(11.15)

The following ordinary share equivalents were excluded from the calculations of diluted loss per share as their effect would be anti-dilutive:

	Year ended December 31
	2021	2020	2019
Stock option awards	1,348,477	1,052,838	816,891
Restricted share units	789,738	239,384	105,169
Warrants	10,619,347	5,438,842	1,379,310