EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

EARNINGS (LOSS) PER SHARE

Schedule of Basic and Diluted Net Earnings (Loss) Per Share

Basic and diluted net earnings (loss) per share attributable to common stockholders were calculated as follows:

	Year Ended December 31,
(In thousands, except share data)	2021		2022		2023
Numerator:
Net income (loss)	$	(27,582)	$	(14,927)	$	8,312
Add:
Financial expenses of 2024 Notes*						(1,168)
Net income (loss) for diluted calculation	$	(27,582)	$	(14,927)	$	7,144
Denominator:

Weighted average shares of Common Stock outstanding for basic calculation	44,140,233	48,472,159	67,512,527
Weighted average dilutive effect of 2024 Notes			13,335,430
Weighted average dilutive effect of stock options			1,576,059
Weighted average shares of Common Stock outstanding for diluted calculation	44,140,233	48,472,159	82,424,016

* Financial expenses on 2024 Notes consists of add back of financial expense incurred during the year and inclusion of make-whole interest payments that will be incurred upon conversion.