Markforged Holding Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net (Loss) Profit Per Share

Net (Loss) Profit Per Share

12 Months Ended

Dec. 31, 2023

Note 16. Net Profit (Loss) Per Share

The Company computes basic net profit (loss) per share using net profit (loss) attributable to the Company’s common stockholders and the weighted-average number of common shares outstanding during each period. Diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive.


	Year Ended December 31,
(in thousands, except per share amounts)	2023			2022
Numerator:
Net loss	$	(103,567	)	$	(25,388	)
Net loss attributable to common stockholders - Basic & Diluted		(103,567	)		(25,388	)
Denominator:
Weighted average shares outstanding - Basic		196,896,011			189,747,367
Add: Weighted average unvested options outstanding		—			—
Add: Dilutive effect of restricted units issued		—			—
Weighted average shares outstanding - Diluted		196,896,011			189,747,367
Net loss per common share:
Basic	$	(0.53	)	$	(0.13	)
Diluted		(0.53	)		(0.13	)

For the years ended December 31, 2023 and 2022, the Company was in a net loss position, thus the effect of potentially dilutive securities, including non-vested stock options, and warrants, was excluded from the denominator for the calculation of diluted net loss per share because the inclusion of such securities would be antidilutive. The following dilutive securities are excluded from the denominator:


	Year Ended December 31,
	2023		2022
Unvested RSUs		13,075,215		11,040,595
Unvested or unexercised option awards		11,113,273		11,922,334
Warrants		8,524,984		8,524,984
Contingently issuable earnout shares		14,666,667		14,666,667
Total		47,380,139		46,154,580