Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 47

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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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:

    2025  
    2024  
    2025  
    2024 

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 

    (In thousands)  
    (In thousands) 
  
    Cost of 3D Printer 
    $474  
    $269  
    $613  
    $658 
  
    Cost of Support services 
     125  
     138  
     194  
     333 
  
    Research and development 
     613  
     1,130  
     1,256  
     2,680 
  
    Selling and marketing 
     368  
     862  
     607  
     1,916 
  
    General and administrative 
     829  
     1,848  
     3,813  
     3,747 
  
    Stock based compensation
    expense 
    $2,409  
    $4,247  
    $6,483  
    $9,334 

Note
12. Income Taxes

The
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. The Company’s effective
tax rates for the three and six months ended June 30, 2025, and 202