Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 244

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 244
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 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 ShareThe following table sets forth the computation of the Company’s basic and diluted net income (loss) per share to common stockholders: 

        December 31,

        2024

        2023

        (In thousands, except share per share data)

        Numerator:

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

        Denominator:

        Basic weighted average shares outstanding

        12,708,975

        5,638,821

        Effect of dilutive securities:

        Common stock warrants

        —

        —

        Restricted stock units

        —

        —

        Common stock options

        —

        —

        Diluted weighted average shares outstanding

        12,708,975

        5,638,821

        Net income (loss) per share

        Basic
         
        $
        (5.77
        )
         
        $
        (23.97
        )

        Diluted
         
        $
        (5.77
        )
         
        $
        (23.97
        )

 97

Velo3D, Inc.Notes to Consolidated Financial Statements 

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 for the periods presented because including them would have had an antidilutive effect: 

        December 31,

        2024

        2023

        (per share data)