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Basic and diluted earnings per share
3 Months Ended
Mar. 31, 2024
Basic and diluted earnings per share  
Basic and diluted earnings per share

14Basic and diluted earnings per share

Diluted earnings per share are calculated by adjusting the weighted average number of ordinary shares outstanding, assuming conversion of all potentially dilutive ordinary shares. As the Company has incurred a loss in the three months ended March 31, 2024, all potentially dilutive ordinary shares would have an antidilutive effect, if converted, and thus have been excluded from the computation of loss per share for the three months ended March 31, 2024. The ordinary shares are presented without giving effect to the application of the treasury method or exercise prices that would be above the share price as of March 31, 2024 and March 31, 2023, respectively.

The potentially dilutive ordinary shares are summarized below:

Three months ended March 31, 

2024

2023

Anti-dilutive ordinary share equivalents

Stock options under 2014 Plans and previous plan

5,821,909

5,150,690

Non-vested RSUs and PSUs

2,913,048

2,772,146

ESPP

3,140

801

Total anti-dilutive ordinary share equivalents

8,738,097

7,923,637