Capitalization and net loss per share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Capitalization and net loss per share

et loss per share

Net loss per share is calculated on an ordinary share basis. The Company’s ADSs that are listed on Nasdaq each represent eight ordinary shares. The following table shows the computation of basic and diluted net loss per share for the three and six months ended June 30, 2023 and 2022 (in thousands except per share amounts):

	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Numerator:
Net loss	$	(8,807)	$	(17,766)	$	(25,550)	$	(42,603)
Denominator:
Weighted-average shares outstanding - basic and diluted	634,469		484,778		627,996		483,226
Net loss per share - basic and diluted	$	(0.01)	$	(0.04)	$	(0.04)	$	(0.09)

During the three and six months ended June 30, 2023 and 2022, outstanding share options, RSUs and warrants over 48.5 million and 46.2 million ordinary shares, respectively, were not included in the computation of diluted earnings per ordinary share, because to do so would be antidilutive.