VLD - Earnings announcements

Successfully Executing on Realignment Priorities Strong Demand Provides Significant Second Quarter Visibility Strategic Review Process to Maximize Shareholder Value Remains Ongoing Continued sales execution in Q1 2024 Bookings of $17 million; 50% of orders from existing customers - $27 million in bookings since mid-December 2023 $22 million in backlog exiting Q124 Continued defense sector expansion – added 3 new customers in Q124 Q2 revenue visibility – expect >30% sequential revenue growth Successfully reduced quarterly operating expenses Down 30% year over year – down 15% sequentially (excluding one-time charges) On track for Q224 cost reduction goals Op

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its first quarter 2024 financial results after the market close on Wednesday, May 15, 2024. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company'

Successfully Executing on Strategic Realignment Priorities Strategic Review Remains Ongoing – Board of Directors in Discussions with Multiple Parties to Maximize Stockholder Value Bookings recovery As of March 26, 2024, total bookings of $15 million since mid-December 2023; >50% of orders from existing customers Successfully reduced quarterly operating expenses Down >15% sequentially (excluding one-time charges) Expect >30% reduction Q3 2023 through end of Q1 2024 in non-GAAP operating expenses Further expanded installed base - added 12 new customers in 2023 including 3 new defense customers Continued free cash flow progress – 35% year over year improvement, well

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its fourth quarter and fiscal year 2023 financial results after the market close on Tuesday, March 26, 2024. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along

Strategic Realignment Positions the Company for Profitability Goal in FY 2024 Q323 revenue of $24 million – 26% year over year increase Significant free cash flow progress – 30% sequential improvement Completed >20% reduction in force – >15% quarterly opex savings expected Strong liquidity position – ended Q323 with $72M in cash Updated 2023 revenue guidance of $91 to $103M – result of delays in booking certain orders / impact of realignment initiatives Velo3D, Inc. ((VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its fiscal third quarter ended September 30, 2023. "Our third quarter result

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its third quarter 2023 financial results after the market close on Monday, November 6, 2023. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company

Bernard Chung, VP of Finance, to Serve as Acting Chief Financial Officer Velo3D, Inc. ((VLD), a leading metal additive manufacturing technology company for mission-critical parts, today announced William McCombe has resigned as the company's Chief Financial Officer, effective September 29, 2023, to pursue other career opportunities. Bernard Chung, Velo3D's Vice President of Finance has been appointed Acting CFO, effective September 29, 2023. Mr. McCombe has agreed to stay on in a transition capacity through November 7, 2023 and will participate in the company's third quarter earnings conference call on November 7, 2023. "I want to thank Bill for his dedication and leadership over the la

Velo3D, Inc. (NYSE:VLD), a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its second quarter 2023 financial results after the market close on Thursday, August 10, 2023. The company will host an earnings conference call and webcast to discuss its financial results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the compan

Reiterates 2023 Guidance on Continued Strong Demand Q123 revenue of $27 million, 120% year over year increase Gross margin expansion to 11%, up from 6% in Q422 Strong bookings of $20 million, up >30% sequentially Net cash flow improved from ($33) million to ($16) million, ahead of guidance Velo3D, Inc. (NYSE:VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its fiscal first quarter ended March 31, 2023. "We were pleased with our results as continued demand for our industry leading Sapphire platform, combined with strong manufacturing execution, enabled us to achieve our first quarter forecasts,"

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its first quarter 2023 financial results after the market close on Monday, May 1, 2023. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company's ea

Strategic Initiatives to Drive Significant Improvement in Profitability in 2023 Record Q422 revenue – 56% sequential increase Continued demand – expected revenue growth of >50% for FY 2023 Technology leadership – record Sapphire XC shipments in Q422 Strong year on year sales growth – 200% for 2022 New customers – increased customer base by >50% in 2022 Velo3D, Inc. (NYSE:VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its fourth quarter and fiscal year ended December 31, 2022. "We exited the year with a strong fourth quarter performance as we exceeded our revenue forecast, added to our diversified

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its fourth quarter 2022 financial results after the market close on Thursday, March 2, 2023. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company's

Company to Announce Full Fiscal Year 2022 Financial Results on March 2, 2023 Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, today announced preliminary, unaudited fourth quarter and fiscal year 2022 financial results. Based on the information and data currently available, the company preliminarily estimates that: For the fourth quarter ended December 31,2022, revenue will exceed the company's previous guidance and be in the range of $29 million to $30 million. Gross margin (the company's gross profit as a percentage of revenue) for the fourth quarter will be in line with the company's previous guidance and will be in the r

Path to Profitability Driven by Strong Demand and Improved Efficiency Q3 Bookings Growth / Increased Backlog by 20% Sequentially Third Quarter Results Impacted by Supply Chain Shortages Continued revenue growth – up 119% year over year Strong demand – $27 million in new bookings / backlog at $66 million New customer expansion –2 European OEMs, U.S. automotive sector Updated 2022 revenue guidance of $75-$80M – result of supply chain disruptions causing Q322 shipment delays and potential Q422 impact Velo3D, Inc. (NYSE:VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its third fiscal quarter of 2022.

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its third quarter 2022 financial results after the market close on Tuesday, November 8, 2022. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company'

Company Reiterates FY2022 Revenue Guidance of $89 Million  >15x revenue growth over last 6 quarters – on track to become the largest metal additive manufacturing company, possibly as early as the end of 20221 Strong demand - booked $18 million in new orders, backlog of $55 million 2022 confidence – 1H22 revenue / backlog account for >95% of 2022 revenue guidance Launched new Sapphire XC 1MZ system – largest build volume of any laser PBF printer in its class - initial shipments in Q322 Maintained strong balance sheet – exited Q222 with $142 million in cash Velo3D, Inc. (NYSE:VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announce

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its second quarter 2022 financial results after the market close on Tuesday, August 9, 2022. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company's

Reiterates FY2022 Revenue Guidance of $89 Million on Q1 Execution, Record Backlog Record revenue – 17% sequential increase, >900% YoY Increasing demand reflected in record total backlog – up >80% YoY to $55 million 2022 confidence – Q122 revenue / backlog account for >75% of 2022 revenue guidance Manufacturing execution – initiated volume production of Sapphire XC during quarter Maintained strong balance sheet – exited Q122 with $186 million in cash Velo3D, Inc. (NYSE:VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its first fiscal quarter of 2022. "Strong execution enabled us to post our third st

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its first quarter 2022 financial results after the market close on Tuesday, May 10, 2022. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company's ea

Exceeded Fourth Quarter and Full Year Revenue Forecast Reiterates Previous FY2022 Revenue Guidance of $89 Million  Exceeded revenue forecast – 20% sequential increase / 45% growth vs FY 2020 Shipped first Sapphire XC system to aerospace customer in Q421 Achieved 2021 shipments goal of 23 systems - 77% year over year growth Continued bookings strength – 34 systems booked in 2021 versus goal of 24 Significant backlog for 2022 – 23 Sapphire systems (18 Sapphire XC) Velo3D, Inc. (NYSE:VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its fourth quarter and fiscal year ended December 31, 2021. "Our perf

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its fourth quarter 2021 financial results after the market close on Wednesday, March 2, 2022. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company'

Completed merger transaction to become publicly traded company Strong revenue growth – 23% sequential increase from Q2 Shipments up 50% YTD – 15 in 2021 vs 10 in 2020 Strong third quarter bookings - 10 systems in Q3 vs 6 in Q2 Market expansion into Europe – first system shipped to EU customer Sapphire® XC development program on track – first customer parts printed in Q3 Significant backlog for 2022 – 17 XC firm orders, $85M total bookings/pre-orders   Velo3D, Inc. ((VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its third quarter ended September 30, 2021. "Our strong third quarter results ref

Velo3D, Inc. (NYSE:VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its third quarter 2021 financial results after the market close on Tuesday, November 9, 2021. The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day. The U.S. dial-in for the call is (888) 437-3179 and (862) 298-0702 for non-U.S. callers. Please ask to be joined to the Velo3D call. The live webcast of the call can be accessed from the Events page of the Investor Relations section of Velo3D's website at ir.velo3d.com, along with the company'