Markforged Holding Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Profit Per Share

Net (Loss) Profit Per Share

3 Months Ended

Mar. 31, 2024

Note 16. 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.


	Three Months Ended March 31,
(in thousands, except per share amounts)	2024			2023
Numerator:
Net loss	$	(35,946	)	$	(19,019	)
Net loss attributable to common stockholders - Basic & Diluted		(35,946	)		(19,019	)
Denominator:
Weighted average shares outstanding - Basic		199,290,500			195,369,245
Add: Weighted average unvested options outstanding		—			—
Add: Dilutive effect of restricted units issued		—			—
Weighted average shares outstanding - Diluted		199,290,500			195,369,245
Net loss per common share:
Basic	$	(0.18	)	$	(0.10	)
Diluted		(0.18	)		(0.10	)

For the three months ended March 31, 2024 and 2023, 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:


	Three Months Ended March 31,
	2024		2023
Unvested RSUs		13,717,905		10,393,221
Unvested or unexercised option awards		10,756,575		11,246,810
Warrants		8,524,984		8,524,984
Contingently issuable earnout shares		14,666,667		14,666,667
Total		47,666,131		44,831,682