Company: VLDXW
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001641172-25-022448
Chunk: 3

Company: Velo3D, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
    (Provision) benefit for income taxes 
     (89) 
     4  
     (97) 
     — 
  
    Net loss 
    $(13,756) 
    $(172) 
    $(39,167) 
    $(28,486)

    Net loss per share: 

    Basic 
    $(0.98) 
    $(0.30) 
    $(2.85) 
    $(53.31)
  
    Diluted 
    $(0.98) 
    $(0.30) 
    $(2.85) 
    $(53.31)
  
    Shares used in computing net loss per share: 

    Basic 
     14,041,712  
     565,026  
     13,721,680  
     534,381 
  
    Diluted 
     14,041,712  
     565,026  
     13,721,680  
     534,381 

    Net loss 
    $(13,756) 
    $(172) 
    $(39,167) 
    $(28,486)
  
    Net unrealized holding gain on available-for-sale investments 
     —  
     42  
     —  
     94 
  
    Total comprehensive loss 
    $(13,756) 
    $(130) 
    $(39,167) 
    $(28,392)

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

4

Velo3D,
Inc.

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In
thousands)

    2025  
    2024 

    Six Months Ended June 30, 

    2025  
    2024 
  
    Cash flows from operating activities 

    Net loss 
    $(39,167) 
    $(28,486)
  
    Adjustments to reconcile net loss to net cash used in operating activities 

    Depreciation and amortization 
     1,725  
     2,707 
  
    Amortization of debt discount and deferred financing costs 
     2,559  
     8,281 
  
    Stock-based compensation 
     6,483  
     9,334 
  
    (Gain) loss on fair