Net loss per share

12 Months Ended

Dec. 31, 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):

	Year Ended
	December 31,
	2023		2022		2021
Numerator:
Net loss	$	(180,664)	$	(112,717)	$	(66,819)
Denominator:
Weighted average ordinary shares outstanding, basic and diluted		35,592,362		29,660,659		25,061,734
Net loss per share, basic and diluted	$	(5.08)	$	(3.80)	$	(2.67)

The Company’s potentially dilutive securities, which include 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:

	December 31,
	2023	2022	2021
Restricted ordinary shares	326,848	187,725	—
Options to purchase ordinary shares	7,469,527	5,898,888	4,603,486
	7,796,375	6,086,613	4,603,486