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, 2022

Note 18. Net (Loss) Profit Per Share

The Company computes basic net (loss) profit per share using net (loss) profit 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)	2022			2021
Numerator:
Net (loss) profit	$	(25,388	)	$	3,855
Net (loss) profit attributable to common stockholders - Basic & Diluted		(25,388	)		3,855
Denominator:
Weighted average shares outstanding - Basic		189,747,367			108,088,115
Add: Weighted average unvested options outstanding		—			5,875,309
Add: Dilutive effect of restricted units issued		—			—
Weighted average shares outstanding - Diluted		189,747,367			113,963,424
Net (loss) profit per common share:
Basic	$	(0.13	)	$	0.04
Diluted		(0.13	)		0.03

For the year ended December 31, 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,
	2022		2021
Unvested RSUs		11,040,595		4,337,556
Unvested option awards		11,922,334		—
Warrants		8,524,984		8,524,984
Contingently issuable earnout shares		14,666,667		14,666,667
Total		46,154,580		27,529,207