Velo3D Announces Second Quarter 2024 Financial Results
Velo3D, Inc. (VLD)
Company Research
Source: Business Wire
Continued Focus on Realignment PrioritiesCompany Institutes Additional Cost Reduction ProgramsStrategic Review Process Remains OngoingQ2 2024 sales update2024 year to date bookings of $21 million; 40% of orders from existing customers$17 million in backlog exiting Q2 2024Continued defense sector expansion – 20% of 1H’24 shipmentsReduced quarterly operating expensesDown 37% year over yearInstituted additional cost control programs - ~30% headcount reductionImproved year over year operating cash flow in Q2 2024Operating and financial conditions remain challenging 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 second quarter ended June 30, 2024.“Our second quarter results reflected continued execution on our strategic priorities as we added to our year-to-date bookings, maintained a healthy backlog and reduced our operating expenses,” said Brad K
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VLD
News
- OTC Markets Group Welcomes Velo3D, Inc. to OTCQX [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Velo3D Announces the Commencement of OTCQX TradingBusiness Wire
- Velo3D stock falls as NYSE to commence delisting proceedings [Seeking Alpha]Seeking Alpha
- Velo3D Welcomes Back Dr. Zach Murphree as Vice President, General Manager to Lead Its Product Development and Customer-first Go-to-market StrategyBusiness Wire
- The National Institute for Aviation Research to Leverage Velo3D’s Additive Manufacturing Solution to Produce Next-generation Airframe TechnologiesBusiness Wire
VLD
Earnings
- 11/6/23 - Miss
VLD
Sec Filings
- 9/9/24 - Form 4
- 9/9/24 - Form 4
- 8/20/24 - Form 4
- VLD's page on the SEC website