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Net Loss per Share Applicable to Ordinary Shareholders, Basic and Diluted (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Net Loss Per Ordinary Share

The following table sets forth the computation of net loss per ordinary share (in thousands, except share data):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Net loss

 

$

(44,520

)

 

$

(18,753

)

 

$

(65,093

)

 

$

(29,400

)

Weighted-average number of common shares used in net loss per share applicable to ordinary shareholders, basic and diluted

 

 

14,168,091

 

 

 

13,427,098

 

 

 

14,138,856

 

 

 

12,759,876

 

Net loss per share applicable to ordinary shareholders, basic and diluted

 

$

(3.14

)

 

$

(1.40

)

 

$

(4.60

)

 

$

(2.30

)

 

Schedule of Anti-dilutive Potential Ordinary Shares Excluded from Computation of Diluted net Loss Per Share

The Company excluded the following potential 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:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Excluded securities:

 

 

 

 

 

 

 

 

 

 

 

 

Options to purchase ordinary shares

 

 

1,743,735

 

 

 

1,125,008

 

 

 

1,743,735

 

 

 

1,125,008

 

Restricted stock units

 

 

220,424

 

 

 

220,424

 

 

 

220,424

 

 

 

220,424

 

Unvested RSPAs

 

 

3,072,999

 

 

 

3,264,603

 

 

 

3,072,999

 

 

 

3,264,603

 

Preferred stock (as converted to ordinary shares)

 

 

14,226,483

 

 

 

13,323,745

 

 

 

14,226,483

 

 

 

13,323,745

 

Total ordinary shares equivalents

 

 

19,263,641

 

 

 

17,933,781

 

 

 

19,263,641

 

 

 

17,933,781