Velo3D, Inc. Stock Price, News & Analysis

Velo3D has appointed James Shih as Vice President of Supply Chain Management to strengthen supply chains for its Sapphire Systems. Shih, with 20 years of experience, aims to enhance inventory management and customer satisfaction amidst growing demand in the additive manufacturing sector, currently valued over $2 billion. The company is focused on building sustainable supply chains to meet its expansion goals. CEO Benny Buller emphasized the need for contingency plans to secure materials through reliable suppliers.

Velo3D, Inc. (NYSE: VLD), a leader in additive manufacturing technology for critical metal parts, announced that CEO Benny Buller will present at the 24th Annual Needham Growth Conference on January 13, 2022, at 7:45 a.m. PT. The event will be available via a live webcast on Velo3D's Investor Relations page.

The company specializes in 3D printing for industries like space exploration and aviation, allowing customers to create complex metal parts previously deemed impossible.

Velo3D, Inc. (NYSE: VLD) has qualified the nickel-based superalloy powder Amperprint® 0233 Haynes® 282® for its Sapphire® printers. This advanced powder enhances capabilities for high-temperature applications in sectors like oil and gas, aviation, and space. The collaboration with Höganäs AB aims to provide superior materials, enabling the production of complex parts with high creep strength and thermal stability. The first Sapphire® printer using this powder will be operated by Duncan Machine Products, expanding Velo3D's additive manufacturing solutions.

Velo3D has announced the shipment of its first Sapphire® XC metal 3D printer to a major aerospace customer, enhancing their additive manufacturing capabilities. This new unit boasts a build volume 400% larger than the original Sapphire® printer, enabling significant cost reductions of up to 75% in part production. With a backlog of 17 additional systems booked and increasing demand, the Sapphire® XC is expected to set a new standard in advanced metal additive manufacturing. The company’s innovative technology aligns with evolving industry needs, offering seamless integration with existing systems.

Velo3D, Inc. (NYSE: VLD), a leader in additive manufacturing technology, will have its CEO, Benny Buller, present at the Credit Suisse 25th Annual Technology Conference on December 1, 2021, at 9:55 a.m. PT. The presentation will be available via live webcast on Velo3D's investor relations site.

Velo3D specializes in 3D printing of metal parts, overcoming legacy AM limitations. Its technology enables innovative manufacturing for sectors like aerospace and energy, allowing for the production of mission-critical components previously deemed impossible.

Velo3D has announced its expansion into Europe by opening a new Technical Center in Augsburg, Germany, designed to support its growth and showcase its advanced additive manufacturing technology. The center will feature the Sapphire® printer and will serve as a demonstration site for its first European customer, Schoeller-Bleckmann Oilfield (SBO). The collaboration aims to enhance SBO's capabilities in producing complex metal parts for various industries. This strategic move highlights Velo3D's commitment to innovation and market presence in Europe.

Velo3D, Inc. (NYSE: VLD) reported strong third quarter 2021 results with revenue of $8.7 million, a 22% increase from Q2, driven by higher Sapphire® system sales. Shipments rose 50% year-to-date, totaling 15 systems, while gross margin decreased to 17% due to increased overhead costs. The merger with JAWS Spitfire generated $274 million in net cash, bolstering liquidity for future growth. The company forecasts $89 million in revenue for 2022, supported by a significant backlog and customer demand.

Velo3D, Inc. (NYSE: VLD) announced the upcoming release of its third quarter 2021 financial results, scheduled for November 9, 2021, after market close. An earnings conference call will take place at 2:00 p.m. Pacific Time to discuss the results. Velo3D specializes in advanced additive manufacturing technology, enabling the production of complex metal parts for sectors such as space exploration and aviation. Their innovative solutions, including the Sapphire® printers and Assure™ quality control system, enhance manufacturing capabilities beyond traditional limitations.