Earnings (Loss) per Share

6 Months Ended

Jun. 30, 2022

Earnings (Loss) per Share

Earnings (Loss) per Share

10.         Earnings (Loss) per Share

Basic and Diluted Loss per Share

For the three and six months ended June 30, 2022 and 2021, basic and diluted net loss per share was determined by dividing net loss by the weighted average number of shares outstanding during the period. Diluted net loss per share

is the same as basic net loss per share during the periods presented as the effects of the Company’s potential ordinary share equivalents are antidilutive since the Company had net losses for each period presented below.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands, except per share data)	2022		2021		2022		2021
Net loss for the period	$	(11,074)	$	(11,754)	$	(22,893)	$	(25,735)
Weighted average number of shares outstanding		63,238,080		40,573,848		61,028,388		33,532,837
Basic and diluted loss per share	$	(0.18)	$	(0.29)	$	(0.38)	$	(0.77)

The following ordinary share equivalents were excluded from the calculations of diluted loss per share as their effect would be anti-dilutive since the Company had net losses for each period presented below:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2022	2021	2022	2021
Stock option awards	1,951,193	948,682	1,951,193	948,682
Restricted share units	1,172,518	741,484	1,172,518	741,484
Warrants	6,559,815	10,619,347	6,559,815	10,619,347