General form of registration statement for all companies including face-amount certificate companies

Net Loss Per Share

v3.21.2
Net Loss Per Share
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Earnings Per Share [Abstract]    
Net Loss Per Share
Note 13. Net Loss Per Share
The Company computes basic net loss per share using net loss attributable to MarkForged, Inc. 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.
 
 
  
Three Months Ended June 30,
 
 
Six Months Ended June 30,
 
(in thousands, except per share amounts)
  
2021
 
 
2020
 
 
2021
 
 
2020
 
Numerator for basic and diluted net loss per share:
  
      
 
      
 
      
 
      
Net loss and comprehensive loss
  
$
(11,090
) 
 
$
(5,689
) 
 
$
(21,109
) 
 
$
(10,934
) 
Denominator for basic and diluted net loss per share:
  
      
 
      
 
      
 
      
Weighted average shares outstanding
  
 
41,853,841
 
 
 
39,980,784
 
 
 
41,638,004
 
 
 
39,856,193
 
Net loss per common share:
  
      
 
      
 
      
 
      
Basic
  
$
(0.26
) 
 
$
(0.14
) 
 
$
(0.51
) 
 
$
(0.27
) 
Diluted
  
$
(0.26
) 
 
$
(0.14
) 
 
$
(0.51
) 
 
$
(0.27
) 
For the three and six months ended June 30, 2021 and 2020, the Company was in a net loss position, thus the effect of potentially dilutive securities, including
non-vested
stock options, restricted stock awards, warrants, and convertible preferred stock, 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:
 
 
  
Three and Six Months Ended
June 30,
 
 
  
2021
 
  
2020
 
Convertible preferred stock
  
 
113,083,557
 
  
 
112,914,163
 
Unvested awards
  
 
14,241,592
 
  
 
8,231,273
 
Warrants
  
 
—  
 
  
 
190,000
 
 
  
 
 
 
  
 
 
 
Total
  
 
127,325,149
 
  
 
121,335,436
 
 
  
 
 
 
  
 
 
 
Note 13. Net Loss Per Share
The Company computes basic net loss per share using net loss attributable to MarkForged, Inc. 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)
   
2020
     
2019
  
Numerator for basic and diluted net loss per share:
                  
Net loss
    $ (17,985 )     $ (29,875 ) 
Deemed dividend – repurchase of Series Seed convertible preferred stock
      —          (785 ) 
Deemed dividend – repurchase of common stock
      (826 )       (624 ) 
    
 
 
     
 
 
  
Net loss attributable to MarkForged, Inc. common stockholders
    $ (18,811 )     $ (31,284 ) 
Denominator for basic and diluted net loss per share:
                  
Weighted average shares outstanding
      40,258,968        38,673,218  
Net loss per common share:
                  
Basic
    $ (0.47 )     $ (0.81 ) 
Diluted
    $ (0.47 )     $ (0.81 ) 
For the year ended December 31, 2020 and 2019, the Company was in a net loss position, thus the effect of potentially dilutive securities, including
non-vested
stock options, restricted stock awards, warrants, and convertible preferred stock, 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:
 
    
Years ended December 31,
  
    
2020
     
2019
  
Convertible preferred stock
      112,987,810        112,840,517  
Unvested awards
      19,599,305        13,656,557  
Warrants
      190,000        190,000  
    
 
 
     
 
 
  
Total
      132,777,115        126,687,074