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Net Loss Per Share

6 Months Ended

Jun. 30, 2023

Net Loss Per Share

Net Loss Per Share

8. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders, which excludes unvested restricted shares and shares which are legally outstanding, but subject to repurchase by the Company (in thousands, except per share amounts):

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THREE MONTHS ENDED

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SIX MONTHS ENDED

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JUNE 30,

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JUNE 30,

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2023

2022

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2023

2022

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Numerator:

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​

​

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Net loss attributable to ordinary shareholders

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$

(23,280)

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$

(13,948)

​

$

(41,255)

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$

(27,029)

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Accretion of redeemable convertible preferred shares to their redemption value

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—

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(1,515)

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—

​

(1,515)

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Net loss attributable to ordinary shareholders

​

$

(23,280)

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$

(15,463)

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$

(41,255)

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$

(28,544)

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Denominator:

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Weighted-average ordinary shares outstanding

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114,784

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10,899

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93,457

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10,897

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Less: weighted-average unvested restricted ordinary shares subject to repurchase

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(25)

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(1,464)

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(132)

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(1,647)

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Weighted-average ordinary shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted

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114,759

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9,435

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93,325

​

9,250

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

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$

(0.20)

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$

(1.64)

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$

(0.44)

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$

(3.09)

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The following outstanding shares of potentially dilutive securities were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented because including them would have been antidilutive (in thousands):

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​	​	AS OF			​
​	​	JUNE 30,			​
​	​	2023		2022	​
Redeemable convertible preferred shares		—		67,018
Options to purchase ordinary shares		12,042		7,356
Ordinary share warrants		—		135
Unvested restricted ordinary share awards		—		818
Total		12,042		75,327
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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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