Velo3D, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Loss per Share

Basic and Diluted Net Loss per Share

6 Months Ended

Jun. 30, 2024

Note 3. Basic and Diluted Net Loss per Share

The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders:


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
	(In thousands, except share and per share data)						(In thousands, except share and per share data)
Numerator:
Net income (loss)	$	(172	)	$	(23,201	)	$	(28,486	)	$	(59,526	)
Denominator:
Basic weighted average shares outstanding		8,475,386			5,659,601			8,015,722			5,598,386
Diluted weighted average shares outstanding		8,475,386			5,659,601			8,015,722			5,598,386

Net income (loss) per share
Basic	$	(0.02	)	$	(4.10	)	$	(3.55	)	$	(10.63	)
Diluted	$	(0.02	)	$	(4.10	)	$	(3.55	)	$	(10.63	)

The following potentially dilutive shares of common stock equivalents “on an as-converted basis” were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect:


	For the Three and Six Months Ended
	2024		2023

Common stock warrants		3,111,261		375,571
Common stock options		312,125		435,928
Restricted stock units		545,759		349,348
Total potentially dilutive common share equivalents		3,969,145		1,160,847

Total potentially dilutive common share equivalents for the three and six months ended June 30, 2024 and 2023 excludes 585,488 shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.