Basic and diluted net income (loss) per ordinary share

6 Months Ended

Jun. 30, 2024

Basic and diluted net income (loss) per ordinary share

Basic net income (loss) per share is computed based on the weighted average number of ordinary shares outstanding during each period. Diluted net income per share is computed based on the weighted average number of ordinary shares outstanding during the period, plus potential dilutive shares (deriving from options, RSUs, PSUs, Notes and the ESPP) considered outstanding during the period, in accordance with ASC 260-10 "Earnings Per Share", as determined under the treasury stock or if-converted method, as applicable.

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per ordinary share:


	Three months ended June 30,				Six months ended June 30,				Year ended December 31, 2023
	2024		2023		2024		2023
	Unaudited				Unaudited				Audited
Net income (loss) attributable to ordinary shares as reported used in computing basic and diluted net income (loss) per share	$	(33,375)	$	(57,418)	$	(72,135)	$	(110,479)	$	(207,043)






Weighted average number of ordinary shares used in computing diluted net income (loss) per share	107,700,284		106,289,073		107,483,241		105,979,791		106,391,178

Potentially anti-dilutive shares that were excluded from the computation of basic net income (loss) per share:
Options	9,931,469		81,733		9,112,573		81,730		6,950,781
RSUs and PSUs	3,918,515		1,660,471		3,284,521		965,915		1,423,377
ESPP	178,668		6,741,132		178,668		6,685,594		161,627
Weighted anti-dilutive shares outstanding which were not included in the diluted calculation	14,028,652		8,483,336		12,575,762		7,733,239		8,535,785

Basic and diluted net income (loss) per ordinary share	$	(0.31)	$	(0.54)	$	(0.67)	$	(1.04)	$	(1.95)