Basic and diluted net income (loss) per ordinary share

9 Months Ended

Sep. 30, 2023

Basic and diluted net income (loss) per ordinary share

Basic net income (loss) per share is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted net income per share is computed based on the weighted average number of ordinary shares outstanding during the period, plus potential dilutive shares (deriving from options, RSUs, PSUs, convertible notes and the ESPP) considered outstanding during the period, in accordance with ASC 260-10 "Earnings Per Share", as determined under the if-converted method.

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per ordinary share:


	Three months ended September 30,				Nine months ended September 30,				Year ended December 31, 2022
	2023		2022		2023		2022
	Unaudited				Unaudited				Audited
Net income (loss) attributable to ordinary shares as reported used in computing basic and diluted net income (loss) per share	$	(49,485)	$	(26,576)	$	(159,964)	$	(55,231)	$	(92,534)






Weighted average number of ordinary shares used in computing diluted net income (loss) per share	106,772,814		104,884,583		106,219,194		104,552,803		104,660,476

Potentially anti-dilutive shares that were excluded from the computation of basic net income (loss) per share:
Options	6,250,189		6,440,190		6,354,627		6,695,719		6,387,275
RSUs and PSUs	2,590,322		827,789		1,470,542		920,364		822,421
ESPP	96,444		21,462		150,930		52,601		62,910
Weighted anti-dilutive shares outstanding which were not included in the diluted calculation	8,936,955		7,289,441		7,976,099		7,668,684		7,272,606

Basic and diluted net income (loss) per ordinary share	$	(0.46)	$	(0.25)	$	(1.51)	$	(0.53)	$	(0.88)