Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 223

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 223
---
. The PCS is classified as maintenance revenue and is recognized ratably over the term of the contract, as we satisfy the PCS performance obligation.

Product Warranties

Our 3D printers are sold with a warranty period of typically one year from installation. After the warranty period, we generally offer service contracts that enable our customers to continue service and maintenance coverage. These service contracts are offered with various levels of support and options, and are priced accordingly. One entitlement of our service contracts is our service engineers provide periodic preventive maintenance 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 Income (Loss) per Share

Basic and Diluted Net 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:

Schedule of Computation of Basic and Diluted Net Loss Per Share

|                          |     |                                   2024 |         |   |     | 2023 |          |   |
|                          |     |                               December 
                                    31, |         |   |     |      |          |   |
|                          |     |                                   2024 |         |   |     | 2023 |          |   |
|                          |     |                                    -In 
 thousands, except share per share data |         |   |     |      |          |   |
| Numerator:               |     |                                        |         |   |     |      |          |   |
| Net                      
 income (loss)            |     |                                      $ | (73,297