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Capitalization and net loss per share | 6 Months Ended
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Jun. 30, 2024
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, 2024 and 2023 (in thousands except per share amounts):
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |  |
Net loss |  | $ | (70,835) |  |  | $ | (8,807) |  |  | $ | (96,629) |  |  | $ | (25,550) |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares outstanding - basic and diluted |  | 648,217 |  |  | 634,469 |  |  | 646,959 |  |  | 627,996 |
Net loss per share - basic and diluted |  | $ | (0.11) |  |  | $ | (0.01) |  |  | $ | (0.15) |  |  | $ | (0.04) |
During the three and six months ended June 30, 2024 and 2023, outstanding share options, RSUs and PRSUs over 57.5 million and 48.5 million ordinary shares, respectively, were not included in the computation of diluted earnings per ordinary share, because to do so would be antidilutive.

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