Loss Per Share (Basic and Diluted)

12 Months Ended

Dec. 31, 2024

7. Loss per share (basic and diluted)

Basic net loss per share is computed by dividing net loss (the numerator) by the weighted average shares outstanding for the period (the denominator). Diluted net loss per share is computed by dividing net income by the weighted average shares outstanding during the period adjusted for the dilutive effects of the exercise of the stock options. In periods when losses from continuing operations are reported, the weighted-average shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. The computation of net loss per share for the years ended December 31, 2024, 2023 and 2022, respectively was as follows:


	Year ended December 31,
	2024			2023			2022
	$000s			$000s			$000s
Net loss		(45,309	)		(54,228	)		(50,334	)
Weighted-average shares outstanding (basic and diluted)		138,752,224			111,277,250			96,584,512
Net loss per share (basic and diluted)	$	(0.33	)	$	(0.49	)	$	(0.52	)

The following outstanding potentially dilutive securities were excluded from the calculation of diluted net loss per share because their impact would have been anti-dilutive for the period presented.


	Year ended December 31,
	2024		2023		2022
Potentially Dilutive Securities
Stock options		17,455,390		15,853,459		11,571,487