Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 220

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 220
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094

    2,338

    Gain on fair value of contingent earnout liabilities

    1,445

    15,958

    Gain on fair value of debt derivatives

    —

    8,485

    Loss on debt extinguishment

    (4,904
    )

    (19,450
    )

    Other income (expense), net

    (3,637
    )

    506

    Loss before provision for income taxes

    (73,317
    )

    (135,139
    )

    Provision for income taxes

    20

    —

    Net loss

    (73,297
    )

    (135,139
    )

    Net loss per share:

    Basic
     
    $
    (5.77
    )
     
    $
    (23.97
    )

    Diluted
     
    $
    (5.77
    )
     
    $
    (23.97
    )

    Shares used in computing net loss per share:

    Basic

    12,708,975

    5,638,821

    Diluted

    12,708,975

    5,638,821

    Net loss
     
    $
    (73,297
    )
     
    $
    (135,139
    )

    Net unrealized holding gain on available-for-sale investments

    96

    741

    Total comprehensive loss
     
    $
    (73,201
    )
     
    $
    (134,398
    )

The accompanying notes are an integral part of these consolidated financial statements.

 80

Velo3D, Inc.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2024 and 2023

(In thousands)

    2024

    2023

    Cash flows from operating activities

    Net loss
     
    $
    (73,297
    )
     
    $
    (135,139
    )

    Adjustments to reconcile net loss to net cash used in operating activities

    Depreciation and amortization

    4,912

    9,310

    Amortization of debt discount and deferred financing costs

    13,637

    —

    Stock-based compensation

    15,363

    24,931

    Gain on exchange of debt for