Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 11

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 visits to customer sites. Additionally, we provide training to our partners to enable them to also perform these services. Another contract entitlement on certain printer models is proactive remote troubleshooting capability through the Company’s integrated platform. From time to time, we also offer upgrade kits for certain of our printers that enable our existing customers to take advantage of new or enhanced printer capabilities. In some cases, we have discontinued upgrade support and maintenance agreements for certain of our older legacy printers.Printers and certain other products include a warranty that covers workmanship, software, and hardware components under which we provide maintenance for periods up to one year. For these initial product warranties, estimated costs are accrued at the time of the sale of the product. These cost estimates are established using historical information regarding the nature, frequency and average cost of claims for each type of printer or other product, as well as assumptions about future activity and events. Revisions to expense accruals are made as necessary based on changes in these historical and future factors.

Note 3. Basic and Diluted Net Loss per ShareThe following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders: 

        Three Months Ended September 30,

        Nine Months Ended September 30,

        2024

        2023

        2024

        2023

        (In thousands, except share and per share data)

        (In thousands, except share and per share data)

        Numerator:

        Net income (loss)
         
        $
        (22,858
        )
         
        $
        (19,464
        )
         
        $
        (51,344
        )
         
        $
        (78,990
        )

        Denominator:

        Basic weighted average shares outstanding

        9,240,453

        5,771,465

        8,431,298

        5,656,713

        Diluted weighted average shares outstanding

        9,240,453

        5,771,465

        8,431,298

        5,656,713

        Net income (loss) per share

        Basic
         
        $
        (2.47
        )
         
        $
        (3.37
        )
         
        $
        (6.09
        )
         
        $
        (13.96
        )

        Diluted
         
        $
        (2.47