Welcome to our dedicated page for Velo3D news (Ticker: $VLD), a resource for investors and traders seeking the latest updates and insights on Velo3D stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Velo3D's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Velo3D's position in the market.
Rhea-AI Summary
Velo3D, Inc. (NYSE: VLD) announced that Atomic Industries has purchased a fully integrated metal additive manufacturing solution, including a Sapphire printer calibrated for M300 tool steel. This strategic investment will support Atomic Industries' aerospace, automotive, and energy industry customers by providing high-quality 3D printed tooling and dies. The new Sapphire printer will operate from Atomic Industries' newly renovated facility in Detroit and will be instrumental in tackling the tooling market by qualifying M300 tooling steel with customers. Velo3D's revolutionary metal 3D printer has introduced printing capabilities that could not be achieved with conventional metal 3D printers, minimizing the need for supports and achieving repeatable, consistent results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.84%
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Rhea-AI Summary
Velo3D, Inc. (NYSE: VLD) Announces Valiant Products, Inc.'s Acquisition of a Sapphire XC Printer to Expand Additive Manufacturing Capabilities for Aerospace Customers
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End-of-Day
5.15%
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Rhea-AI Summary
Velo3D, Inc. announced its financial results for Q3 2023, with a revenue of $24 million, a 26% YoY increase. The company also achieved a 30% sequential improvement in free cash flow and completed a reduction in force of over 20%, expecting a quarterly opex savings of over 15%. Velo3D ended Q3 2023 with a strong liquidity position of $72 million in cash. However, the company updated its 2023 revenue guidance to $91-103 million due to delays in booking certain orders and the impact of realignment initiatives.
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Velo3D names Schoeller-Bleckmann Oilfield Technology (SBOT) as its sole contract manufacturing partner in the DACH region and for Europe's oil and gas industry. SBOT will add another Sapphire printer to its facility and expand its network to support customers' needs. Velo3D's Contract Manufacturer Network allows companies to purchase metal 3D printing services without the need for their own printer and software. SBOT's printers use Inconel 718 powder and will also produce parts in CP1, a lightweight aluminum alloy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.97%
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Ci-Esse, a precision machining contract manufacturer, has purchased a Sapphire printer from Velo3D to become the first member of its contract manufacturer network in Italy. The printer will be used to produce metal parts for customers in aerospace, defense, motorsports, and other industries. Ci-Esse's extensive experience in precision machining and metal additive manufacturing makes them a valuable partner for Velo3D.
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Rhea-AI Sentiment
End-of-Day
3.94%
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Velo3D to release Q3 2023 financial results on November 6, 2023.
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End-of-Day
-7.91%
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Bernard Chung appointed as Acting CFO of Velo3D as William McCombe resigns
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End-of-Day
-19.15%
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News
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Velo3D appoints Michelle Sidwell as EVP of Global Sales and Business Development to support growth objectives and maintain growth rate
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Velo3D launches season 2 of its Laser Focused podcast featuring conversations with innovators from various industries.
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Rhea-AI Sentiment
End-of-Day
10.79%
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Rhea-AI Summary
Velo3D, Inc. (NYSE: VLD) announced a 28% year over year increase in Q223 revenue to $25 million, with 90% of bookings coming from new customers. The company also updated its 2023 revenue guidance to $105 to $115M due to delays in booking certain orders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.26%
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Velo3D, Inc.
NYSE:VLD
VLD Rankings
VLD Stock Data
64.68M
135.79M
10.24%
51.21%
12.4%
Other Industrial Machinery Manufacturing
Manufacturing
United States of America
FREMONT
About VLD
velo3d is a well-funded advanced technology company, with the intent to disrupt the metal additive manufacturing industry. we build the impossible, and we are looking for talented individuals to help us accomplish our goals. as an industry, metal additive manufacturing (am) is experiencing growth rates approaching 90%, and is expected to be worth over $10 billion dollars by 2020. this is not consumer-grade 3d-printing. the metal additive revolution relies on the development of algorithms and software in the fields of computational geometry, machine vision, modeling, control and graphics as well as hw encompassing lasers, optics, metrology and automation.