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EARNINGS (LOSS) PER ORDINARY SHARE
12 Months Ended
Dec. 31, 2024
EARNINGS (LOSS) PER ORDINARY SHARE  
EARNINGS (LOSS) PER ORDINARY SHARE

NOTE 25 – EARNINGS (LOSS) PER ORDINARY SHARE:

a.Basic

The following is data taken into account in the computation of basic loss per share:

Year Ended December 31, 

    

2024

    

2023

    

2022

Earnings (Loss) (U.S. dollars in thousands)

(8,268)

23,916

(71,669)

Weighted average number of ordinary shares outstanding during the period (in thousands)

 

12,322,721

 

2,591,222

 

616,299

Basic earnings (loss) per share (U.S. dollars)

 

(0.00)

 

0.01

 

(0.12)

 

b.Diluted

The Company had three categories of potentially dilutive ordinary shares: warrants issued to investors and options issued to employees and service providers. The effect of these options, RSUs and warrants for all reporting years is anti-dilutive.

The calculation of diluted earnings (loss) per share as of December 31, 2024, does not include 5,606,626,800 of ordinary shares underlying warrants, 26,190,400 of ordinary shares underlying options and 377,659,600 of ordinary shares underlying RSUs, because the effect would be anti-dilutive.