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

9 Months Ended

Sep. 30, 2021

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


	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
	(In thousands, except share data)
Numerator:
Net loss	$	(66,578)	$	(7,107)	$	(92,663)	$	(17,591)
Denominator:
Weighted average shares used in computing net loss per share – basic and diluted	19,793,863		15,994,154		17,348,557		15,503,475
Net loss per share – basic and diluted.	$	(3.36)	$	(0.44)	$	(5.34)	$	(1.13)

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 attributable to common stockholders for the periods presented because including them would have had an antidilutive effect:


	Nine months ended September 30,
	2021	2020
	(per share data)
Redeemable convertible preferred stock	—	108,642,440
Convertible promissory note	—	3,283,548
Redeemable convertible preferred stock warrants	—	332,893
Common stock warrants	13,075,000	51,847
Common stock options issued and outstanding	21,342,660	19,134,310
Total potentially dilutive common share equivalents	34,417,660	131,445,038

Total potentially dilutive common share equivalents for the nine months ended September 30, 2021, excludes 21,758,148 shares related to the earnout liability as these shares are contingently issuable upon meeting certain triggering events.