Velo3D, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Basic and Diluted Net Loss per Share

Basic and Diluted Net Loss per Share

12 Months Ended

Dec. 31, 2024

Note 3. Basic and Diluted Net Income (Loss) per Share

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


	December 31,
	2024			2023
	(In thousands, except share per share data)
Numerator:
Net income (loss)	$	(73,297	)	$	(135,139	)

Denominator:
Basic weighted average shares outstanding		12,708,975			5,638,821
Effect of dilutive securities:
Common stock warrants		—			—
Restricted stock units		—			—
Common stock options		—			—
Diluted weighted average shares outstanding		12,708,975			5,638,821

Net income (loss) per share
Basic	$	(5.77	)	$	(23.97	)
Diluted	$	(5.77	)	$	(23.97	)

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:


	December 31,
	2024		2023
	(per share data)
Common stock warrants		3,227,001		1,455,572
Restricted stock units		570,407		573,320
Common stock options		270,529		375,781
Total potentially dilutive common share equivalents		4,067,937		2,404,673

Total potentially dilutive common share equivalents for the years ended December 31, 2024 and 2023, excludes 269,214 and 607,599, respectively, shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.