Velo3D, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Loss per Share

Basic and Diluted Net Loss per Share

12 Months Ended

Dec. 31, 2023

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,
	2023		2022
	(In thousands, except share per share data)
Numerator:
Net income (loss)	$	(135,139)	$	7,969

Denominator:
Basic weighted average shares outstanding	197,358,751		185,079,101
Effect of dilutive securities:
Common stock warrants	—		7,999
Restricted stock units	—		345,714
Common stock options	—		16,742,089
Diluted weighted average shares outstanding	197,358,751		202,174,903

Net income (loss) per share
Basic	$	(0.68)	$	0.04
Diluted	$	(0.68)	$	0.04

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,
	2023	2022
	(per share data)
Common stock warrants	50,945,000	13,075,000
Restricted stock units	20,066,204	3,819,727
Common stock options	13,152,359	725,711
Total potentially dilutive common share equivalents	84,163,563	17,620,438

Total potentially dilutive common share equivalents for the years ended December 31, 2023 and 2022, excludes 21,265,936 and 21,758,149, respectively, shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.