Velo3D Announces First Quarter 2024 Financial Results
Velo3D, Inc. (VLD)
Company Research
Source: Business Wire
Successfully Executing on Realignment PrioritiesStrong Demand Provides Significant Second Quarter VisibilityStrategic Review Process to Maximize Shareholder Value Remains OngoingContinued sales execution in Q1 2024Bookings of $17 million; 50% of orders from existing customers - $27 million in bookings since mid-December 2023$22 million in backlog exiting Q124Continued defense sector expansion – added 3 new customers in Q124Q2 revenue visibility – expect 30% sequential revenue growthSuccessfully reduced quarterly operating expensesDown 30% year over year – down 15% sequentially (excluding one-time charges)On track for Q224 cost reduction goalsOperating cash flow – 35% year over year improvement, well positioned to achieve cash flow breakeven in the second half of FY 2024 FREMONT, Calif.--(BUSINESS WIRE)--Velo3D, Inc. (NYSE: VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its first quarter ended March 3
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VLD
News
- Mears Machine Enhances Its Additive Manufacturing Capabilities With the Purchase of Its Third Velo3D Sapphire XC Metal 3D PrinterBusiness Wire
- Brad Kreger Formally Appointed as Permanent Chief Executive Officer at Velo3D [Yahoo! Finance]Yahoo! Finance
- Brad Kreger Formally Appointed as Permanent Chief Executive Officer at Velo3DBusiness Wire
- Velo3D, Inc. Announces Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
- Velo3D, Inc. Announces Reverse Stock SplitBusiness Wire
VLD
Earnings
- 11/6/23 - Miss
VLD
Sec Filings
- 6/25/24 - Form 4
- 6/25/24 - Form 4
- 6/25/24 - Form 4
- VLD's page on the SEC website