Net earnings (loss) per share

12 Months Ended

Dec. 31, 2024

Basic and diluted net earnings (loss) per share was calculated as follows:


	Year Ended December 31,
	2022		2023		2024
Basic earnings (loss) per share
Net earnings (loss)	$	158,519	$	(146,398)	$	(162,857)
Weighted-average common shares outstanding - basic	285,056,606		289,166,486		294,327,532
Net earnings (loss) per share - basic	$	0.56	$	(0.51)	$	(0.55)

Diluted earnings (loss) per share
Net earnings (loss)	$	158,519	$	(146,398)	$	(162,857)
Weighted-average common shares outstanding - basic	285,056,606		289,166,486		294,327,532
Stock options and RSUs	29,770,649		–		–
Weighted-average common shares outstanding - diluted	314,827,255		289,166,486		294,327,532
Net earnings (loss) per share - diluted	$	0.50	$	(0.51)	$	(0.55)

The Company’s potentially dilutive securities, which include stock options and restricted share units (“RSUs”), have been excluded from the computation of diluted net loss per share for the years ended December 31, 2023 and December 31, 2024 as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding for the years ended December 31, 2023 and December 31, 2024 used to calculate both basic and diluted net loss per share is the same.

The Company excluded 11,824,006, 50,087,088, and 58,251,724 potential common shares for the years ended December 31, 2022, 2023, and 2024, respectively, from the computation of diluted net earnings (loss) per share because including them would have had an anti-dilutive effect.