Board of Directors Cites Strategic Re-Alignment Success and Improved Business Momentum Over the Last 6 Months
Board of Directors Cites Strategic Re-Alignment Success and Improved Business Momentum Over the Last 6 Months
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/17/2022 | $5.40 | Neutral | Credit Suisse |
| 3/4/2022 | $7.00 | Neutral → Underperform | B of A Securities |
| 10/26/2021 | $15.00 | Buy | Needham |
| 10/25/2021 | Outperform | William Blair |
8-K - Velo3D, Inc. (0001825079) (Filer)
10-Q - Velo3D, Inc. (0001825079) (Filer)
8-K - Velo3D, Inc. (0001825079) (Filer)
Velo3D, Inc. (OTCQX:VLDX), the leader in scalable metal 3D printing technology for production manufacturing, today announces that its common stock anticipates the commencement of trading on the OTCQX® Best Market under the symbol "VLDX" The company previously traded on the New York Stock Exchange. Trading on the OTCQX Best Market offers more than 12,000 companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best prac
Dr. Murphree rejoins the company he helped build to drive Velo3D's product innovation, support strategic growth efforts, strengthen customer relationships, and lead realignment initiatives Velo3D, Inc. ((VLD), the leader in scalable metal 3D printing technology for production manufacturing, today announced the return of Dr. Zach Murphree as Vice President, General Manager, overseeing the company's go-to-market and product management functions. Dr. Murphree, who previously spent nearly eight years at Velo3D is rejoining the company after a brief tenure at Freeform, a startup building autonomous metal 3D printing factories. During his extensive tenure at Velo3D, Dr. Murphree was a key membe
The Wichita State University organization will use their new Sapphire 1MZ to research performance-based qualification of metal 3D-printed parts Velo3D, Inc. ((VLD), a leading metal additive manufacturing technology company for mission-critical parts, today announced that the National Institute for Aviation Research (NIAR) has purchased a Sapphire 1MZ printer to develop performance-based qualification methods of metal 3D-printed parts for airframe applications. The Sapphire 1MZ printer will be configured to produce parts in Inconel 718, a durable nickel-based alloy that provides high corrosion, oxidation, and creep resistance at extreme temperatures, which is extensively used in aerospace
The large-format printer will be configured for Aheadd CP1, supports the continued development of critical defense-related high-critical programs and opportunities initiated by Velo3DVelo3D, Inc. ((VLD), a leading metal additive manufacturing technology company for mission-critical parts, today announced Mears Machine Corporation, a leader in precision machining solutions, has acquired a Sapphire XC printer to bolster its additive manufacturing capabilities. This strategic investment underscores Mears Machine's commitment to adopting advanced manufacturing technologies and follows the previous purchase of two Velo3D Sapphire XCs announced earlier this year.
Board of Directors Cites Strategic Re-Alignment Success and Improved Business Momentum Over the Last 6 Months
Appoints Hull Xu as Chief Financial Officer Re-alignment Initiatives Remain on Plan Velo3D, Inc. ((VLD) (the "Company" or "Velo3D"), a leading metal additive manufacturing technology company for mission-critical parts, today announced changes to its leadership structure as well as that its re-alignment initiatives to maximize cash flow and operational efficiency remain on plan. The Company has appointed Hull Xu as its new Chief Financial Officer, replacing acting CFO Bernard Chung, who will leave the Company on April 29, 2024 following the acceptance of another opportunity. Mr. Xu brings more than 15 years of corporate finance experience in the technology industry, most recently with
Velo3D, Inc. ((VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced the appointment of Nancy Krystal as Vice President, General Counsel to oversee all legal matters for the company. With over 16 dynamic years of experience in corporate law, Nancy brings a wealth of experience in navigating complex legal landscapes and spearheading pivotal deals to her new role at Velo3D. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240411950967/en/With over 16 dynamic years in corporate law, Nancy has navigated the legal landscape with finesse, spearheading pivotal deals and ensuring compl
Benny Buller Steps Down as Chief Executive Officer – Will Remain on the Board of Directors Brad Kreger, EVP of Operations has Been Appointed as Interim Chief Executive Officer The Company has Commenced a Search for a Permanent Chief Executive Officer Velo3D, Inc. ((VLD), a leading metal additive manufacturing technology company for mission-critical parts, today announced that Benny Buller has stepped down as the company's Chief Executive Officer at the request of the Company's Board of Directors, effective immediately. Mr. Buller will remain a member of the Company's Board of Directors. "I want to thank Benny for his tireless efforts over the last nine years from founding the compan
Credit Suisse initiated coverage of Velo3D with a rating of Neutral and set a new price target of $5.40
B of A Securities downgraded Velo3D from Neutral to Underperform and set a new price target of $7.00
Needham initiated coverage of Velo3D with a rating of Buy and set a new price target of $15.00
4 - Velo3D, Inc. (0001825079) (Issuer)
4 - Velo3D, Inc. (0001825079) (Issuer)
4 - Velo3D, Inc. (0001825079) (Issuer)
SC 13D/A - Velo3D, Inc. (0001825079) (Subject)
SC 13G/A - Velo3D, Inc. (0001825079) (Subject)
SC 13D/A - Velo3D, Inc. (0001825079) (Subject)
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'
Leading Global Contract Manufacturer Mears Machine Acquires 2 Sapphire XC Systems – Systems to be Dedicated to Defense and Aerospace Industries Additional Orders from Leaders in the Defense and Space Industries Company Provides Preliminary First Quarter 2024 Revenue, Gross Margin, and Operating Expense Estimates Velo3D, Inc. ((VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced it has received purchase orders totaling $27 million since mid-December 2023. These orders include the purchase of 2 Sapphire XC systems by Mears Machine, a leading global contract manufacturer, where the systems will be dedicated to supplying parts for th