Velo3D, Inc. Stock Price, News & Analysis

Velo3D has appointed Brad Kreger as Executive Vice President of Operations to enhance production capabilities for its Sapphire family of printers. Kreger's extensive experience includes roles at Fluidigm Corporation and Thermo Fisher Scientific, focusing on improving production efficiency and quality. His leadership aims to scale operations, reduce costs, and meet growing demand in 2023. Velo3D anticipates increased production for its Sapphire XC printer, aligning with its strategy to solidify its position in the additive manufacturing sector.

Velo3D, a leader in metal additive manufacturing, announced the acquisition of two new Sapphire XC printers by Vertex Manufacturing. These printers enhance capabilities to produce complex aerospace parts, including those made from Inconel 718 and GRCop-42, a high-performance alloy. Vertex serves various industries like aerospace and medical devices, offering advanced manufacturing solutions. The investment signifies a commitment to meet growing customer demands and improve production efficiency in mission-critical parts.

Velo3D, Inc. (NYSE: VLD), a leader in additive manufacturing technology for critical metal parts, announced that CFO William McCombe will speak at the Bank of America Securities A.I. and Disruptive Technology Conference on November 10, 2022, at 10:00 a.m. Eastern Time. The presentation will be available via live webcast on Velo3D's Investor Relations page.

Velo3D offers a revolutionary 3D printing solution that enables the creation of complex metal parts, supporting industries like space exploration and aviation since its first Sapphire system delivery in 2018.

Velo3D, Inc. (NYSE: VLD) has announced plans to file a universal shelf registration statement on Form S-3 with the SEC within the next 10 days. This strategic move follows its one-year anniversary as a public company, allowing for potential future access to capital markets. The company currently has no intention to conduct an offering of securities, but the registration will provide flexibility if advantageous conditions arise. The release emphasizes that this is not an offer to sell or solicit any securities.

Velo3D, Inc. (NYSE: VLD) reported its Q3 2022 results with a 119% year-over-year revenue growth, totaling $19.1 million. Despite strong demand, a 20% increase in backlog to $66 million, and $27 million in new bookings, the company faced supply chain shortages leading to shipment delays. Consequently, 2022 revenue guidance was lowered to $75-$80 million from $89 million. The net loss for Q3 was $75.2 million. Velo3D anticipates fourth quarter revenue growth of 25-50% driven by strong bookings.

Velo3D has appointed Jessie Lockhart as Chief People Officer to enhance global workforce management amid rapid expansion. Lockhart, with over 20 years of HR experience, previously led global talent management at Lam Research. She aims to oversee talent acquisition and organizational development, ensuring Velo3D retains top talent and maintains its culture during growth. The company has seen significant workforce growth since going public, particularly in Europe and Asia-Pacific, and Lockhart's expertise is expected to facilitate further expansion.

Velo3D, Inc. (NYSE: VLD) announced it will release its third quarter 2022 financial results on November 8, 2022, after market close. An earnings conference call will be held at 2:00 p.m. PT, with a live webcast available on the company's Investor Relations page. Velo3D specializes in additive manufacturing technology for metal parts, addressing limitations of legacy methods. Its offerings, including Flow™ software and Sapphire® printers, support industries like space exploration and aviation.

Velo3D (NYSE: VLD) announced a significant acquisition by Kevton Technologies, acquiring seven Sapphire printers, marking one of the largest individual orders from a contract manufacturer. This strategic move positions Kevton as a leading supplier of additively manufactured parts, catering especially to the aerospace sector. Production is set to start in Q1 2023 at their Houston facility. The partnership highlights a strong trend towards additive manufacturing in critical industries.

Velo3D has qualified M300 tool steel for its Sapphire printers, enhancing capabilities for automotive manufacturers. This ultra-low carbon alloy offers high strength and hardness, promising improved tooling inserts and manufacturing throughput. The first printed parts will be showcased at IMTS 2022 in Chicago from Sept. 12-17. Velo3D's technology allows for complex designs with large internal cooling channels, reducing costs and increasing product durability. System deliveries are expected to commence in Q4 2022.