Net Loss Per Share Attributable to Ordinary Shareholders

12 Months Ended

Dec. 31, 2025

Net Loss Per Share Attributable to Ordinary Shareholders

Note 13 - Net Loss Per Share Attributable to Ordinary Shareholders

Basic net loss per share is computed by dividing the net loss available to common stockholders by the weighted-average number of ordinary shares outstanding. Diluted net loss per share is computed similarly to basic net loss per share except that the denominator is increased to include the number of additional ordinary shares that would have been outstanding if the potential ordinary shares had been issued and if the additional ordinary shares were dilutive. Diluted net loss per share is the same as basic net loss per share of ordinary share, as the effect of potentially dilutive securities is antidilutive.

The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders for the periods presented:

Year ended

December 31,

2025

2024

2023

In USD thousands, except share and per share data

Numerator:

Net loss

8,995

13,945

24,221

Denominator:

Weighted-average number of ordinary shares used in

computing net loss per share attributable to

ordinary shareholders, basic and diluted

510,227,715

359,048,638

234,998,859

Net loss per share attributable to ordinary shareholders, basic

and diluted

0.018

0.039

0.103

The potential number of ordinary shares that were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented since including them would have been anti-dilutive are as follows:

Year ended

December 31,

2025

2024

2023

Number of shares

Outstanding options to purchase ordinary shares and RSAs

41,564,080

38,494,200

29,873,100