Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 28

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 13,720

        Stock options

        16

        88

        115

        956

        Earnout shares–employees

        1,246

        1,711

        3,551

        4,810

        $
        3,707

        $
        6,716

        $
        13,041

        $
        19,486

27

The following sets forth the total stock-based compensation expense for the stock options, RSUs, and earnout shares - employees included in cost of revenue and operating expenses on the statements of operations: 

        Three Months EndedSeptember 30,

        Nine Months EndedSeptember 30,

        2024

        2023

        2024

        2023

        (In thousands)

        Cost of 3D Printer
         
        $
        228

        $
        —

        $
        886

        $
        —

        Cost of Support services

        249

        —

        582

        —

        Research and development

        1,199

        3,115

        3,879

        9,104

        Selling and marketing

        643

        1,637

        2,559

        4,718

        General and administrative

        1,388

        1,964

        5,135

        5,664

        $
        3,707

        $
        6,716

        $
        13,041

        $
        19,486

Note 12. Income TaxesThe income tax provision is calculated for an interim period by distinguishing between elements recognized in the income tax provision through applying an estimated annual effective tax rate (the “ETR”) to a measure of year-to-date operating results referred to as “ordinary income (or loss),” and discretely recognizing specific events referred to as “discrete items” as they occur. The income tax provision or benefit for each interim period is the difference between the year-to-date amount for the current period and the year-to-date amount for the period prior. Under ASC 740-270-30-36, entities subject to income taxes in multiple jurisdictions should apply one overall ERT instead of separate ETRs for each jurisdiction when calculating the interim-period income tax or benefit related to ordinary income (or loss) for the year-to-date interim period, except in certain circumstances.