Net loss per share

9 Months Ended

Sep. 30, 2023

Net loss per share

Net loss per share

12. Net loss per share

Basic and diluted net loss per share was calculated as follows (in thousands, except share and per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Numerator:
Net loss	$	(49,898)	$	(28,347)	$	(131,565)	$	(82,739)
Denominator:
Weighted average ordinary shares outstanding, basic and diluted		39,576,467		29,676,021		33,291,701		29,643,502
Net loss per share, basic and diluted	$	(1.26)	$	(0.96)	$	(3.95)	$	(2.79)

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

	September 30,
	2023	2022
Restricted ordinary shares	335,104	187,725
Options to purchase ordinary shares	7,312,020	5,784,581
	7,647,124	5,972,306