NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

NET LOSS PER SHARE

NET LOSS PER SHARE

Presented in the table below is a reconciliation of the numerator and denominator for the basic and diluted earnings per share (“EPS”) calculations for the periods ended:

	Three Months Ended
	March 31,
(In thousands, USD, except share and per share amounts)	2023		2022
Numerator:
Net loss	$	(18,490)	$	(11,572)
Denominator:
Weighted average common shares outstanding
Basic (in number)	76,524,735		74,040,261
Diluted (in number)	76,524,735		74,040,261
Net loss per unit
Basic	$	(0.24)	$	(0.16)
Diluted	$	(0.24)	$	(0.16)

The following securities were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive:

	Three Months Ended
(Number of shares)	March 31,
	2023	2022
Common stock issued under the Backstop Agreement	9,600,031	9,600,031
Restricted stock grants with only service conditions	4,529,117	3,108,277
Private placement warrants	272,779	272,779